- Litecoin ETF approval odds have reached 90%, sparking investor interest.
- Whales have accumulated nearly 1 million LTC, fueling market optimism.
Crypto analyst Ali revealed that large investors have been accumulating Litecoin (LTC) at an impressive rate. Nearly 1 million LTC tokens were scooped up in the last two weeks, signaling confidence among big players.
Whales bought 930,000 #Litecoin $LTC in the last two weeks! pic.twitter.com/rBBP9wNDUD
— Ali (@ali_charts) February 22, 2025
This accumulation is timely, following Canary Capital’s addition to the list on the Depository Trust & Clearing Corporation (DTCC) by their Litecoin ETF, and continues to improve market sentiment.
Despite the overall market volatility, there is strong buying pressure on Litecoin. The odds of getting regulatory acceptance for a Litecoin ETF by 2025 have increased to 85%, per Polymarket.
As we previously reported, Bloomberg ETF expert Eric Balchunas increased the chances even further to 90%. The anticipation of eventual ETF approval has given the market a fresh surge, and traders have taken notice.
Litecoin’s Network Growth Supports ETF Hype
Litecoin’s daily volume surged to $9.6 billion, reflecting its increased prominence in crypto. As various financial institutions push forward their submissions for Litecoin ETFs, market participants have started to feel increased optimism.
Crypto analytics platform Santiment saw that while Litecoin does not usually take center stage on social media in contrast to Solana, XRP, or Cardano, it has made inroads quietly.
⚡️ Litecoin doesn’t typically get the social media hype of other top cap cryptocurrencies like XRP, Solana, Chainlink or Cardano. But on the back of some legitimate ETF rumors, it has quietly seen a big jump in value recently. From February 2 to February 19, 2025, Litecoin’s… pic.twitter.com/FSRpoKt2zd
— Santiment (@santimentfeed) February 20, 2025
From February 2 to February 19, Litecoin’s market cap increased by 46%, indicating increased investor interest. Due to ever-high volumes of activity, its robust network activity is behind most of this increase.
A significant development came from CoinShares, which officially submitted an application to list a Litecoin ETF on Nasdaq. The U.S. SEC began to review the application, and if approved, investors would have access to exposure to Litecoin through standard stock market channels without having to directly hold the asset.
The approval of a Litecoin ETF may also pave the way for other altcoins, such as Solana and XRP, to do so. As U.S. regulators’ sentiment towards crypto continues to improve, there is heightened expectation that various crypto-based financial products may enter the general market in the near future.
LTC Eyes $230 As Short-Term Traders Jump 12%
The increased hype around an ETF directly impacted price movement in LTC. Data by IntoTheBlock shows short-term LTC traders have jumped by over 12% in the past month, indicating heightened market activity.
The number of short-term $LTC traders ahs increased by over 12% in the past month.
This change is likely driven by speculation around a Litecoin ETF pic.twitter.com/xB3F1NNPmW
— IntoTheBlock (@intotheblock) February 24, 2025
Currently, LTC is valued at $123.01, and technicals point towards future appreciation. Market analysts believe Litecoin broke through an extended bearish pattern and retested vital support areas effectively.
If momentum continues, LTC might have a sharp push towards the price point of $230. The upcoming few weeks will decide, and traders wait patiently for any reports on ETFs and their impact on price action in Litecoin.