#LTC📈 Detailed Analysis

1. Main Factor: Movement Toward ETF Approval

SEC Commissioner Hester Peirce clarified on July 16 that the delays with the XRP and LTC ETFs are related to procedural issues rather than rejections. Analysts assess the likelihood of LTC ETF approval by October 2025 at 95% (Bloomberg), mirroring trends seen with Bitcoin ETFs. This coincides with a 9.36% weekly increase in Litecoin as traders position themselves in advance.

2. Supporting Factors: Institutional Recognition

On July 9, Thumzup Media announced the diversification of its treasury reserves by adding LTC (CoinMarketCap), following a $93 million Bitcoin purchase by Metaplanet. This indicates a growing recognition of cryptocurrencies as reliable reserves among corporations. Additionally, MWEB privacy updates for LTC have reached a record level of adoption (tweet on July 15 from @litecoin), strengthening the arguments for the coin's utility.

3. Technical Context: Bullish Structure

MACD: histogram at +1.03, indicating bullish momentum

Fibonacci: price has surpassed the 23.6% retracement level ($92.99), targeting $104.01 (127.2% extension)

Volume: 24-hour turnover was $666 million (+12.31%), confirming buyer confidence.