Litecoin (LTC), ranked #15 on the record of largest cryptocurrencies by market cap, has been flexing its muscle tissue these days, rising its worth by 46% in barely over two weeks.
The asset, usually overshadowed by flashier rivals reminiscent of Bitcoin (BTC), is driving a wave of investor optimism, registering $9.6 billion in every day on-chain transaction volumes per information from Santiment.
Litecoin Good points Momentum Amid ETF Hypothesis
Whereas Bitcoin and Ethereum usually dominate crypto headlines, LTC has been quietly constructing momentum. Based on Santiment, between February 2 and February 19, its market cap went up by 46%, fueled by elevated community utility and institutional curiosity.
⚡️ Litecoin doesn’t sometimes get the social media hype of different high cap cryptocurrencies like XRP, Solana, Chainlink or Cardano. However on the again of some respectable ETF rumors, it has quietly seen a giant leap in worth not too long ago. From February 2 to February 19, 2025, Litecoin’s… pic.twitter.com/FSRpoKt2zd
— Santiment (@santimentfeed) February 20, 2025
The thrill isn’t simply hypothesis. Lately, Bloomberg analysts James Seyffart and Eric Balchunas urged there was a 90% likelihood of the U.S. Securities and Trade Fee (SEC) approving exchange-traded funds (ETFs) monitoring Litecoin. The chances of this product hitting the market are a lot increased than these of bigger capped cryptocurrencies, together with Dogecoin (DOGE), Ripple (XRP), and Solana (SOL).
Canary Capital has filed to record a Litecoin ETF, with the SEC acknowledging the submitting and initiating its overview course of. If accredited, it will enable mainstream traders to achieve publicity to LTC with out managing non-public keys or holding the asset instantly.
In Santiment’s view, an LTC ETF wouldn’t solely open the floodgates for institutional funding but additionally make it extra probably for the opposite altcoins to be tied to comparable monetary merchandise.
On-Chain Exercise and Market Impression
Past the ETF noises, Litecoin’s $9.6 billion price of on-chain buying and selling exercise over the previous week is outstanding. The identical metric had a price of $2.8 billion simply six months in the past, which means its present state is a 242% enchancment from that interval.
In the meantime, market watchers have predicted LTC’s subsequent value goal at $140, with a possible rally towards $170 if momentum continues. On the time of writing, the coin was altering arms at simply above $133, a 3.4% enchancment on its degree 24 hours in the past. Throughout 12 months, the cryptocurrency’s value is up greater than 94%, pushing its market worth previous the $10 billion mark.
Though that hardly compares to Bitcoin’s practically $2 trillion market cap, the OG crypto’s latest dip to a two-week low of $93,500 noticed it outperformed by Litecoin, which additionally did considerably higher than the broader crypto market, which is up a mere 0.60%.
Binance Free $600 (CryptoPotato Unique): Use this hyperlink to register a brand new account and obtain $600 unique welcome supply on Binance (full particulars).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this hyperlink to register and open a $500 FREE place on any coin!
