Litecoin is making moves, and investors are paying attention. In just over two weeks (Feb 2–19), its market cap jumped 46%, fueled by excitement over a potential Litecoin ETF and heavy whale buying.
A Litecoin ETF would let people invest in LTC like they do stocks—no wallets, no private keys—just simple buying and selling. Recently, CoinShares applied to list a Litecoin ETF on Nasdaq, and now the SEC is reviewing it. Crypto analysts say there’s a 90% chance it gets approved by late of current year as U.S. regulators warm up to crypto.
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But it’s not just ETF speculation—Litecoin’s network is booming. Daily transaction volume has skyrocketed 243% since August, hitting $9.6 billion. More people are actually using Litecoin rather than just holding it.
And then there are the whales. In just two weeks, big investors scooped up $500 million worth of LTC, a clear sign they believe in its long-term value.
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Right now, LTC is holding around $138, with $120 as strong support. If momentum keeps up, we could see $225 soon. But if it dips under $80, the hype train might slow down.