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Litecoin Price Set to Pump or Dump? ETF Speculation Heats Up

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1 month ago

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Litecoin price remains under pressure, hovering below the $120 support level as speculation over a potential exchange-traded fund (ETF) intensifies. The LTC price has seen increased volatility, with discussions on its ETF approval getting traction. Crypto Market analysts highlight signals, raising uncertainty about Litecoin’s short-term outlook. Will the Litecoin price recover or see more crashes ahead? let’s uncover.

Litecoin Price Ready to Pump? ETF Approval Speculation Grows

Litecoin price is forming an inverse head and shoulders pattern, signaling a potential breakout. The analyst shows a clear right shoulder formation, with price action testing the support zone near $115. 

A strong bounce from this level could confirm the pattern, setting up a move toward the neckline resistance at $140. If Litecoin breaks above this resistance, the price may rally toward the $200 target. Traders are closely monitoring this setup as speculation around Litecoin ETF approvals fuels momentum. 

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Litecoin ETF Approval Odds Rise To 76%

According to Polymarket, the probability of a Litecoin ETF gaining approval in the year 2025 has surged to 77%. This marks a 27% increase, reflecting growing optimism among market participants. The trading volume for this prediction market has reached $27,253, indicating strong interest in the potential regulatory decision.

The data reveals that sentiment has strengthened since early Jan 2025, with sharp upward movements in mid month. However, recent market corrections show some uncertainty, with prices dipping slightly. The trend suggests continued speculation on whether Litecoin will follow Bitcoin’s ETF path this year.

Litecoin Price Set to Pump or Dump? ETF Speculation Heats UpLitecoin Price Set to Pump or Dump? ETF Speculation Heats Up
Source-Polymarket

What Lies Ahead for LTC Price?

As of Tuesday, the LTC price hovered at $112, making a 3% crash in the past 24 hours. This follows other crypto market decreases after a huge decrease over the past day. The Bitcoin price has fallen below $90,000 while the Ethereum price dropped below $2,500 Mark. Litecoin price has been moving down and broke the rejection at $120, support standing at $100.

The Litecoin price forecast needs to break above the previous level of $120 to shift momentum toward $130 and $150. A move past these resistance levels could open the door to $160 and $170 ahead of LTC ETF. On the lower side, a break below the $100 critical support level may trigger further losses, with $80 emerging as the next key support.

The Relative Strength Index (RSI) stands at 28, indicating the oversold zone.  Additionally, The MACD indicator on the 4-hour chart remains in negative territory. 

The MACD line is above the signal line, confirming ongoing bearish momentum. The histogram also indicates strengthening selling pressure, hinting at further downside risks.

Litecoin Price Set to Pump or Dump? ETF Speculation Heats UpLitecoin Price Set to Pump or Dump? ETF Speculation Heats Up
Source: TradingView

To sum up, the Litecoin price faces uncertainty as ETF speculation intensifies. A breakout above $120 could signal recovery, while failure may lead to losses below $100.

Frequently Asked Questions (FAQs)

Current market data suggests a 76% probability of ETF approval.

Key resistance levels include $120 and $140, while support is at $100.

Optimism has increased, with speculation driving higher trading interest.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Crypto ETF Filings Fuel Rally In ADA, LTC, & Others, Altcoin Season Imminent?

Published

2 months ago

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February 11, 2025

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The altcoins market is bustling with activity today as top market analysts highlight the greater odds of approval for a spot Litecoin ETF and spot Cardano ETF. While Ethereum (ETH) and XRP are up by 2-3% each, Cardano (ADA) and Litecoin (LTC) have gained anywhere between 10-15% each amid higher odds of these crypto ETF approvals. Analysts are hopeful of an altcoin season moving ahead, however, it will be interesting to see if this could be the turning point.

Greater Odds of Crypto ETFs for Litecoin, Cardano Approval Push Altcoins Higher

The altcoins market is once again seeing a ray of hope with Litecoin (LTC) and Cardano (ADA) leading the rally as the odds of a Litecoin ETF approval surge to a massive 90%. On the other hand, crypto asset manager Grayscale has filed for a spot Cardano ETF amid the growing interest in different digital assets.

Amid the chatter around altcoin crypto ETFs picking up, Bloomberg ETF strategists Eric Balchunas and James Seyyfart have disclosed the approval odds for each. While everyone is betting on a spot XRP ETF following the settlement of Ripple vs SEC lawsuit, the XRP ETF has a 65% chance of approval, said the analysts. However, they believe that Litecoin ETF approval odds are at 90%, and even the Dogecoin ETF approval chances are at 75%, higher than XRP.

Litecoin Price Leads with Nearly 15% Gains

The approval odds of the crypto ETFs appears to be the primary reason why LTC and ADA are outperforming other altcoins today. As of press time, Litecoin price is trading 14.85% up at $130.04 with daily trading volumes surging by 86.3% to more than $1.7 billion. As per the Coinglass data, the LTC open interest has surged by a massive 26% to more than $700 million, with the 24-hour liquidations shooting to $4.21 million of which $3.46 million is in short liquidations.

Over the past few months, the LTC price has been oscillating in the range of $100 on the lower end and $140 on the upper price band. A breakout above $140 could set the stage for a mega rally moving ahead. Besides, a recent Litecoin price prediction shares further details on the crypto’s potential performance ahead.

Source: Altcoin Sherpa

Cardano (ADA) price has also surged by a strong 11% moving to $0.76 with its daily trading volumes surging 13.67% to $867 million. Similarly, the ADA futures open interest has shot up by 13% to $700 million as the crypto ETF speculations soared.

Altseason to Begin Soon?

Amid the crypto ETF buzz, popular crypto analyst Crypto Rover reported that we will soon witness a bullish cross-over of the 100-week moving average above the 200-week moving average. This is when the mega altcoin rally would begin. The last time such a cross-over took place in 2021, it triggered a 500% surge in the overall altcoin market. Several other analysts have also been hopeful for the start of an altcoin season despite the recent greater market turbulence.

Source: Crypto Rover

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Here’s Why Litecoin Price Is Up 18% Today?

Published

3 months ago

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January 16, 2025

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Litecoin price is outperforming the broader crypto market run-up gaining more than 18% in the last 24 hours shooting all the way to $120 levels. The daily trading volume has also skyrocketed by a massive 301% to $1.68 billion suggesting strong bullish momentum moving ahead. This comes amid strong LTC whale accumulation along with the growing optimism for Litecoin ETF approval.

What’s Behind the Litecoin Price Rally?

After forming a strong base at $100, the Litecoin price has gained 18% in the last 24 hours supported by a strong boost in the daily trading volumes. As per the Coinglass data, the LTC open interest has shot up by 30% to $582 million while the 24-hour liquidations have surged to $1.60 million with $1.28 million in short liquidations.

As per blockchain analytics firm Santiment, the Litecoin price surge comes due to increased activity from large investors, specifically whales and sharks holding at least 10,000 LTC. These entities have collectively accumulated 250,000 LTC since January 9, signaling strong institutional and large-scale investor interest.

Source: Santiment

This pattern mirrors similar activity observed in early December. Thus, this reinforces the notion that big players are showing much interest in LTC with the expectations of further price gains.

LTC Rally to $200 And Beyond Very Soon?

As LTC has bounced back from the support of $100 with strong trading volumes, analysts are bullish regarding its next leg of the rally to $200 and beyond. Popular crypto analyst Solberg Invest stated that LTC has completed a “retest” phase following its breakout from a long-term downward trendline. This development, combined with the appearance of a triple-bottom pattern on the chart, signals that Litecoin may be set for a significant upward move, potentially gaining $200 in value.

Source: Solberg Invest

XBT Liquidators has highlighted a bullish setup in Litecoin’s chart that has largely gone unnoticed. The analysis points to the role of Gann angles, which, once broken, can act as strong support or resistance levels. With Litecoin price holding above the Gann angle without retracing, the analysts suggest this is a highly bullish signal. They predict that a move to $250 in the next upward leg is a “no-brainer. On the other, other market analysts have shared an LTC price prediction of $500 by mid-2025.

Optimism Around Litecoin ETF Grows

On Wednesday, Canary Capital submitted the S-1 application to the U.S. Securities and Exchange Commission (SEC) for a spot Litecoin ETF. Eric Balchunas, senior ETF analyst at Bloomberg, has hinted at progress in Litecoin ETF approval. Balchunas noted that reports suggest the Litecoin S-1 filing has received comments from the U.S. Securities and Exchange Commission (SEC), signaling a step forward.

“This development supports our prediction that Litecoin is the most likely candidate for the next ETF approval,” Balchunas stated. As of press time, the LTC price is trading 17.31% up at $119.31.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Binance Peer To Delist XRP and Litecoin (LTC), But There’s A Catch

Published

3 months ago

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December 27, 2024

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XRP News: Crypto exchange Binance’s peer OKX will delist Ripple’s XRP and Litecoin (LTC) USDT-margined and crypto-margined expiry futures today. The move comes in line with current market trends and to meet users’ needs, the crypto exchange explained.

Traders may anticipate some volatility in XRP and LTC prices as a result of this news. However, analysts are optimistic about further rally in the next bull market wave.

OKX to Delist Ripple’s Coin and Litecoin Delivery Contracts

Crypto exchange OKX announced earlier that it will phase out the generation of XRP and LTC USDT-margined and crypto-margined expiry futures. This is scheduled to be completed by today, December 27.

The crypto exchange will officially delist XRP and LTC expiry futures at 8 AM UTC on December 27, 2024. Bi-weekly expiry futures and Bi-quarterly expiry futures were ceased in earlier months by the platform. It also cleared that the currently listed expiry futures will remain unaffected until their respective expiration dates.

Amid this delisting news by the top crypto exchange Binance’s peer OKX, there may be some volatility in XRP and LTC prices. This may happen due to traders reacting to the developments. Investors need to keep an eye on trading volumes and market sentiments for any change in direction.

XRP and LTC Prices Under Pressure

XRP price today jumped 0.5% and 11% in a week, with the price currently trading near $2.20. The 24-hour low and high are $2.13 and $2.23, respectively. Furthermore, the trading volume has continued to decline this week, with a 20% jump in the last 24 hours, indicating a decline in interest among traders.

XRP priceXRP price

Ripple’s native coin XRP has shown similarities in price movements to its historical chart patterns of 2014-2017. A breakout and positive news can push the XRP price beyond the $20 level.

Meanwhile, Litecoin price is also trading sideways near $104. The price changed hands at $104.05, after a more than 20% rally this week. The 24-hour low and high are $101.16 and $104.16, respectively. Total LTC future open interests dropped 1% in the last 24 hours. The 4.38 million LTC futures OI are now valued at $457.26 million, signaling cautious trading activity.

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space.

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Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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