Litecoin (LTC) Surges 46% in Just 2 Weeks on ETF Buzz

Litecoin (LTC), ranked #15 on the listing of largest cryptocurrencies by market cap, has been flexing its muscle mass currently, rising its worth by 46% in barely over two weeks.

The asset, usually overshadowed by flashier rivals reminiscent of Bitcoin (BTC), is using a wave of investor optimism, registering $9.6 billion in day by 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. In accordance with 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 reputable ETF rumors, it has quietly seen a giant bounce in worth just lately. 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 advised there was a 90% probability 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 larger than these of bigger capped cryptocurrencies, together with Dogecoin (DOGE), Ripple (XRP), and Solana (SOL).

Canary Capital has filed to listing a Litecoin ETF, with the SEC acknowledging the submitting and initiating its evaluation course of. If permitted, it might permit mainstream buyers 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 in addition make it extra seemingly for the opposite altcoins to be tied to related monetary merchandise.

On-Chain Exercise and Market Influence

Past the ETF noises, Litecoin’s $9.6 billion value of on-chain buying and selling exercise over the previous week is exceptional. The identical metric had a worth of $2.8 billion simply six months in the past, that 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 fingers at simply above $133, a 3.4% enchancment on its stage 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 current 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%.