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Litecoin Market Cap Soars 46% Thanks to ETF Hype in the US
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Litecoin Market Cap Soars 46% Thanks to ETF Hype in the US
Altcoins News 8 min read
Litecoin Market Cap Soars 46% Thanks to ETF Hype in the US
Friday, February 21, 2025
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Litecoin's (LTC) market cap has seen a significant surge of 46% since February 2 to February 19, 2025. This increase reflects the growing interest of investors, along with the efforts of Exchange-Traded Fund (ETF) issuers to list Litecoin spot ETF products in the United States.
According to data from Santiment on Friday (21/2/2025), Litecoin's market capitalization growth was driven by the increasing utility of its increasingly strong network. Over the past week, Litecoin has processed transactions worth US$9.6 billion per day, indicating a significant increase in activity.
In comparison, Litecoin's daily transaction volume was only around US$2.8 billion at the end of August 2024. This is a spike of up to 243% in the past five months.
Not only that, the price of Litecoin has also doubled since early November, outpacing the growth of the overall crypto market which only recorded a 42% increase in the same period.
#LitecoinETF
news #LITCOINETF
Litecoin Market Cap Soars 46% Thanks to ETF Hype in the US
Coinvestasi (LOGO)
Search
Home
News
Altcoins News
Litecoin Market Cap Soars 46% Thanks to ETF Hype in the US
Altcoins News 8 min read
Litecoin Market Cap Soars 46% Thanks to ETF Hype in the US
Friday, February 21, 2025
Litecoin Halving
Coinvestasi Ads Promo Coinfest Asia 2025
Litecoin's (LTC) market cap has seen a significant surge of 46% since February 2 to February 19, 2025. This increase reflects the growing interest of investors, along with the efforts of Exchange-Traded Fund (ETF) issuers to list Litecoin spot ETF products in the United States.
According to data from Santiment on Friday (21/2/2025), Litecoin's market capitalization growth was driven by the increasing utility of its increasingly strong network. Over the past week, Litecoin has processed transactions worth US$9.6 billion per day, indicating a significant increase in activity.
In comparison, Litecoin's daily transaction volume was only around US$2.8 billion at the end of August 2024. This is a spike of up to 243% in the past five months.
Not only that, the price of Litecoin has also doubled since early November, outpacing the growth of the overall crypto market which only recorded a 42% increase in the same period.
#LitecoinETF
🗣️Congratulations #LitcoinETF
#CanaryCapital has filed an amended S-1 form to launch a#LitcoinETF
#LITCOIN #litcoin $LTC
#CanaryCapital has filed an amended S-1 form to launch a#LitcoinETF
#LITCOIN #litcoin $LTC
Litecoin Surges Following $LTC ETF Filling and Major Breakout: Is a Rally on the Horizon?
Date: Wed, Oct 16, 2024, 06:24 AM GMT
In an exciting day for the cryptocurrency market, Bitcoin (BTC) has surged past $67,000, lifting several top altcoins along the way. Litecoin (LTC), often referred to as the "silver to Bitcoin's gold," is shining bright, becoming one of the top gainers among the top 100 tokens.
$LTC has jumped 7.66% in the past 24 hours, trading at $71.70 with a market cap of $5.39 billion. This rally can be attributed to two major developments that have sent waves of excitement through the crypto community.
Source: Coinmarketcap
What’s Driving Litecoin’s Surge?
1. Litecoin ETF Announcement
On October 15, Canary Capital took a groundbreaking step by filing the first Form S-1 for a Litecoin ETF with the U.S. Securities and Exchange Commission (SEC). If approved, this ETF will allow both retail and institutional investors to gain direct exposure to Litecoin ($LTC ).
Source: X
The filing is seen as a significant milestone for the Litecoin ecosystem, increasing hopes that mainstream adoption of LTC is around the corner. The market buzz surrounding the potential approval has fueled the current price jump.
2. Major Technical Breakout
In addition to the ETF news, Litecoin's price action has also confirmed a technical breakout. According to ZaykCharts, LTC has successfully broken out of a descending channel that had been in play since April 2024. The breakout occurred at the $69.00 level, and the token has held above this mark, now trading at $71.26.
Credits: ZaykCharts (X)
Analysts predict that this breakout could trigger a sustained rally, with a $100 price target—a 40% upside from current levels—now in sight.
Is a Rally on the Horizon for Litecoin?
With Bitcoin gaining momentum and Litecoin showing technical strength and ETF-driven optimism, many believe LTC could be primed for further growth. If the ETF receives approval, it could open the floodgates for more investors, giving Litecoin the push it needs to hit new highs in the coming days.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
#Litecoin #LitcoinETF #NFA
In an exciting day for the cryptocurrency market, Bitcoin (BTC) has surged past $67,000, lifting several top altcoins along the way. Litecoin (LTC), often referred to as the "silver to Bitcoin's gold," is shining bright, becoming one of the top gainers among the top 100 tokens.
$LTC has jumped 7.66% in the past 24 hours, trading at $71.70 with a market cap of $5.39 billion. This rally can be attributed to two major developments that have sent waves of excitement through the crypto community.
Source: Coinmarketcap
What’s Driving Litecoin’s Surge?
1. Litecoin ETF Announcement
On October 15, Canary Capital took a groundbreaking step by filing the first Form S-1 for a Litecoin ETF with the U.S. Securities and Exchange Commission (SEC). If approved, this ETF will allow both retail and institutional investors to gain direct exposure to Litecoin ($LTC ).
Source: X
The filing is seen as a significant milestone for the Litecoin ecosystem, increasing hopes that mainstream adoption of LTC is around the corner. The market buzz surrounding the potential approval has fueled the current price jump.
2. Major Technical Breakout
In addition to the ETF news, Litecoin's price action has also confirmed a technical breakout. According to ZaykCharts, LTC has successfully broken out of a descending channel that had been in play since April 2024. The breakout occurred at the $69.00 level, and the token has held above this mark, now trading at $71.26.
Credits: ZaykCharts (X)
Analysts predict that this breakout could trigger a sustained rally, with a $100 price target—a 40% upside from current levels—now in sight.
Is a Rally on the Horizon for Litecoin?
With Bitcoin gaining momentum and Litecoin showing technical strength and ETF-driven optimism, many believe LTC could be primed for further growth. If the ETF receives approval, it could open the floodgates for more investors, giving Litecoin the push it needs to hit new highs in the coming days.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
#Litecoin #LitcoinETF #NFA
#LitecoinETF "Excited about the future of cryptocurrency? The #litcoinETF is a game-changer! This innovative financial product is bringing Litecoin to the world of exchange-traded funds, making it easier than ever to gain exposure to this powerful digital asset. Investors can now access Litecoin without the complexities of owning and managing the cryptocurrency directly. With its potential for diversification and growth, the #litcoinETF is a step towards integrating crypto into traditional financial markets. The future of digital finance is here, and the #litcoinETF is leading the way! Stay ahead and keep an eye on this exciting development. #Crypto
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