Bloomberg analyst Eric Balchunas estimates a 90% chance of ETF approval in 2025.<\/li>\n<\/ul>\nThe speculation has translated into aggressive buying pressure\u2014Litecoin\u2019s market cap surged 46% between February 2 and February 19, outpacing Bitcoin and the broader crypto market\u2019s 42% gain since early November 2024. Following the DTCC listing news, LTC spiked 8.5% intraday, briefly testing $138.<\/p>\n
Network fundamentals are also strengthening. Daily transaction volume has climbed to $9.6 billion, a 243% increase over five months, as investor interest and adoption grow.<\/p>\n<\/div>\n
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[ad_1] LTC\/USD weekly price chart. Source: TradingViewAccompanying this signal is an ascending triangle breakout, a structure characterized by higher lows and a flat resistance level, which Litecoin breached at $115. The breakout is reinforced by a spike in trading volume (2.27 million LTC traded this week), indicating strong market conviction. Technical projections suggest that if momentum holds, LTC could target the 0.382 Fibonacci level at $185, with further upside toward $200\u2013$230. However, Relative Strength Index (RSI) readings at 66.22 indicate that Litecoin is approaching overbought conditions, raising the risk of a near-term pullback. Litecoin ETF Speculation Adds to Momentum Adding fuel to Litecoin\u2019s rally is growing speculation over a potential U.S.-approved Litecoin Exchange-Traded Fund (ETF). The SEC recently acknowledged a rule change for listing the CoinShares Spot Litecoin ETF on Nasdaq. Canary Capital\u2019s Litecoin ETF appeared on the DTCC system under the ticker LTCC, a crucial preparatory step. Bloomberg analyst Eric Balchunas estimates a 90% chance of ETF approval in 2025. The speculation has translated into aggressive buying pressure\u2014Litecoin\u2019s market cap surged 46% between February 2 and February 19, outpacing Bitcoin and the broader crypto market\u2019s 42% gain since early November 2024. Following the DTCC listing news, LTC spiked 8.5% intraday, briefly testing $138. Network fundamentals are also strengthening. Daily transaction volume has climbed to $9.6 billion, a 243% increase over five months, as investor interest and adoption grow. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":35881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-35880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/35880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=35880"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/35880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/35881"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=35880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=35880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=35880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}