Litecoin (LTC), ranked #15 on the listing of largest cryptocurrencies by market cap, has been flexing its muscle groups recently, rising its worth by 46% in barely over two weeks.
The asset, typically overshadowed by flashier rivals corresponding to Bitcoin (BTC), is driving a wave of investor optimism, registering $9.6 billion in every day on-chain transaction volumes per knowledge from Santiment.
Litecoin Good points Momentum Amid ETF Hypothesis
Whereas Bitcoin and Ethereum typically dominate crypto headlines, LTC has been quietly constructing momentum. Based on 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 usually get the social media hype of different prime cap cryptocurrencies like XRP, Solana, Chainlink or Cardano. However on the again of some respectable ETF rumors, it has quietly seen an enormous 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. Not too long ago, Bloomberg analysts James Seyffart and Eric Balchunas urged there was a 90% likelihood of the U.S. Securities and Trade Fee (SEC) approving exchange-traded funds (ETFs) monitoring Litecoin. The percentages 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 assessment course of. If accredited, it could enable mainstream traders to realize publicity to LTC with out managing non-public keys or holding the asset straight.
In Santiment’s view, an LTC ETF wouldn’t solely open the floodgates for institutional funding but in addition make it extra possible for the opposite altcoins to be tied to comparable 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 outstanding. 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 worth 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 degree 24 hours in the past. Throughout 12 months, the cryptocurrency’s worth is up greater than 94%, pushing its market worth previous the $10 billion mark.
Though that hardly compares to Bitcoin’s almost $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%.
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