- Litecoin’s market cap surged 46% in February 2025, driven by speculation of an ETF listing and increased network utility, with transaction volumes at $9.6B.
- Analysts predict a 90% chance of SEC approval for Litecoin’s ETF by the end of 2025, signaling potential mainstream adoption and further altcoin growth.
Litecoin (LTC) has recorded gains in recent weeks, with its value surging in response to rumors surrounding a possible exchange-traded fund (ETF) listing. Between February 2 and February 19, 2025, Litecoin’s market cap soared by 46%, showing an increase in investor interest.
However, as of press time, Litecoin was trading at $134.42, recording an increase of 4.12% over the past day. This growth was due to speculation and the rise in Litecoin’s network utility, which has seen daily transaction volumes reach $9.6 billion in the past seven days.
The possibility of a Litecoin ETF has been a hot topic in the crypto community after CoinShares, a financial firm, filed to list one on Nasdaq. However, the Securities and Exchange Commission (SEC) has already begun reviewing the filing, fueling the growing excitement.
Following Bitcoin’s ETF approval over a year ago, as reported by ETHNews, analysts remain optimistic that Litecoin’s ETF may receive approval by the end of 2025, with some estimating a 90% probability of success. The approval of this ETF would not only open doors for Litecoin but could also pave the way for other altcoins, such as XRP and Solana, to follow suit.
⚡️ 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
Litecoin’s ETF journey came when Canary Capital’s spot Litecoin ETF was officially listed on the Depository Trust and Clearing Corporation (DTCC) website under the ticker LTCC. This listing marked a step towards possible mainstream adoption.
While this listing does not guarantee regulatory approval, it signals that the necessary infrastructure is being established for trading. The ETF still requires approval from the SEC, which has until May 2025 to reach a decision. With a 90% likelihood of approval, the market remains optimistic about the ETF’s future.
Strong Transaction Growth Drives Litecoin’s Surge
Litecoin’s rise in value is also linked to a sharp increase in daily transaction volume. In late August 2024, Litecoin’s daily transaction volume was around $2.8 billion. However, this figure has increased by 243% over the past few months, reaching $9.6 billion.
Additionally, the price of Litecoin has also seen growth, doubling since early November 2024. This increase has outpaced the general crypto market, which gained 42% during the same period. LTC recently broke through a key resistance level, with its value approaching $135. If it maintains this upward trajectory, analysts predict possible resistance around the $147 mark, with further gains likely if the momentum persists.
Technical Indicators Point to Continued Bullish Sentiment
Litecoin’s technical indicators also suggest a potential rally. The Relative Strength Index (RSI) is currently at 60.07, indicating that Litecoin is not overbought and still has room for upward movement.
Moreover, the MACD also shows a positive crossover, reinforcing the bullish sentiment. The MACD’s position above the zero line further supports the expectation of continued buying pressure.