Is Litecoin ETF Decision About to Ignite LTC Price Rally of The Decade?
Often cast as Bitcoin’s overlooked, irrelevant sibling, the Litecoin ETF (LTC) is making waves in an otherwise unsettled market. Okay, maybe irrelevant was too harsh… Meanwhile, geopolitical tensions in the Middle East rattled most of the crypto market, but Litecoin shrugged off the chaos, recovering to close at $84.88 with a modest 1.6% gain. With.. The post Is Litecoin ETF Decision About to Ignite LTC Price Rally of The Decade? appeared first on 99Bitcoins.
Often cast as Bitcoin’s overlooked, irrelevant sibling, the Litecoin ETF (LTC) is making waves in an otherwise unsettled market. Okay, maybe irrelevant was too harsh…
Meanwhile, geopolitical tensions in the Middle East rattled most of the crypto market, but Litecoin shrugged off the chaos, recovering to close at $84.88 with a modest 1.6% gain. With two standout developments fueling speculation, including an upcoming spot ETF, here’s what’s in store for Litecoin:
The Resilience of Litecoin Amid Uncertainty
Predictive platform Polymarket put the chances of U.S. involvement at 62%, in Iran, causing most cryptocurrencies to trade sideways. Litecoin, however, emerged largely unscathed, surging near the $85.60 resistance mark even as other altcoins faltered.
Analysts at 99Bitcoins point to a bullish ascending channel pattern for LTC, marked by consistently higher lows. This trajectory coincides with growing optimism over a potential spot Litecoin ETF, which Polymarket predicts has a 76% chance of approval by 2025.
Adding to the momentum, DRML Miner introduced a sustainable Litecoin mining initiative, riding a wave of retail demand and a $600 million spike in transaction volumes over the past two days.
there is a reason why there are no Bitcoin Cash ETF applications and 3 Litecoin ETF applications … pic.twitter.com/sCSacwsvgf
— litecoyn
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