Will Litecoin ETF Advancements Push LTC Price Above $200?
Highlights
- Bloomberg's Eric Balchunas gives a 90% chance for spot Litecoin ETF approval in 2025.
- CoinShares has officially filed for a Litecoin ETF on Nasdaq, with the SEC currently reviewing the proposal.
- Litecoin's price has surged by 46% in February 2025, with its market cap climbing from $7 billion to $10.2 billion.
Litecoin ETF developments are once again picking up pace with the Canary exchange-traded fund (ETF) for LTC appearing on the Depository Trust & Clearing Corporation (DTCC). Thus, 13 months following the Bitcoin ETF approval, there’s a clear excitement for the LTC products as well. With the LTC price showing strength recently, analysts are hopeful of a potential rally to $200 and beyond.
Litecoin ETF Appears on DTCC, Approval Soon?
On Thursday, Canary’s Litecoin ETF appeared on the DTCC platform, under the ticker of LTCC, raising further hopes of product approval very soon. Speaking on the development, senior ETF analyst at Bloomberg, Eric Balchunas stated that it “doesn’t mean it’s approved or ready to start trading, but it does show the issuer is making preparations for when it is”.
Last week, analyst Balchunas stated that there are 90% approval odds for spot Litecoin ETFs this year, higher than that of Solana ETF and XRP ETF.
Nate Geraci, President of the ETF Store commented on the Litecoin ETF being “listed” on the Depository Trust & Clearing Corporation (DTCC), drawing parallels to earlier discussions surrounding spot Bitcoin ETFs. “Here we go again,” Geraci said, acknowledging the similarity to past spot BTC ETF events. He also expressed confidence that a Litecoin ETF is highly likely to debut soon adding that it could be available to brokerage in the near future.
CoinShares, a financial firm, has officially filed to list a Litecoin ETF on Nasdaq, with the SEC now reviewing the proposal. If approved, the ETF would enable investors to trade Litecoin in a regulated stock market environment without the need to directly hold the cryptocurrency.
Will the LTC Price Rally Continue?
Since the start of February, LTC has been among the best-performing altcoins in the market. In the period between February 2 to February 19, 2025, the LTC price surged 46% with its market cap soaring from $7 billion to now over $10.2 billion.
Currently, Litecoin is flirting around the key resistance zone of $130. Litecoin’s (LTC) price action is currently trading within a rising wedge channel, according to technical analysis shared by market observers.
Traders are advised to monitor the upper trendline closely, as it could serve as a critical resistance level. A breakout above the upper trendline could signal potential bullish momentum to $200 and beyond.
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