#市场情绪观察 Based on the latest market data and analysis, the following are observations on Litecoin ETF applications and related market sentiment:

Market sentiment is high, and optimistic expectations dominate

1. Strong expectations for ETF approval

Bloomberg analysts predict that the probability of Litecoin ETF approval is as high as 90%, and Polymarket data also shows that its approval probability is 84%. This strong optimistic expectation has driven the rise in Litecoin prices, which has risen by 13% in the past seven days, becoming the best performing currency among the top 20 cryptocurrencies by market capitalization.

2. Price and trading volume rise simultaneously

The price of Litecoin broke through $133.35 on February 19, with an intraday increase of 3.03% and a trading volume of $1.494 billion. On February 20, the price further rose to $138.46, with a 24-hour increase of 12.15%, and the trading volume rose to $1.798 billion. This simultaneous rise in price and trading volume indicates strong market buying and optimistic investor sentiment.

3. Active User Growth

The number of daily active users of the Litecoin network has increased significantly, increasing by 8.86% in the past 24 hours to 433,170 addresses. In addition, the total number of Litecoin addresses has exceeded 200 million, and the number of ordinal inscriptions has exceeded 5 million. These milestones have further strengthened the market's confidence in Litecoin.

4. Increased Institutional Attention

Grayscale's Litecoin Investment Trust has grown its holdings from less than 1.5 million to more than 2 million in the past year, showing that institutional investors' trust in Litecoin is increasing. In addition, Canary Capital's Litecoin ETF revision application has also triggered market expectations of institutional capital inflows.

Market Trends and Future Outlook

1. Price Range and Resistance Level

Litecoin is currently in a range of $90 to $130. Analysts believe that breaking through the key resistance level of $130 will be a key signal for price increases. Once broken, Litecoin may enter a new upward cycle.

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