As of February 21, 2025, Litecoin (LTC) is trading at approximately $135.10.
Recent developments have significantly influenced market sentiment toward Litecoin:
ETF Approval Anticipation: The potential approval of Litecoin Exchange-Traded Funds (ETFs) has generated considerable optimism. Canary Capital's proposed Litecoin ETF has been listed on the Depository Trust and Clearing Corporation (DTCC), suggesting that trading may commence soon. Additionally, prediction platform Polymarket estimates an 85% chance of ETF approval this year.
Positive Market Indicators: The formation of a "Golden Cross," where the 50-day Exponential Moving Average (EMA) crosses above the 200-day EMA, has historically signaled bullish trends for Litecoin. This pattern, coupled with an ascending triangle formation, suggests potential upward momentum toward the $200 mark in the coming weeks.
Increased Investor Participation: On-chain data indicates a surge in new Litecoin investors, with approximately 122,000 new holder wallets added over a recent ten-day period, despite a 22% price decline during that time. This influx suggests growing confidence and interest in Litecoin among investors.
Overall, the current market sentiment for Litecoin appears bullish, driven by ETF-related optimism, favorable technical indicators, and increased investor engagement.
