#LitecoinETF #canary $LTC
As of February 21, 2025, Litecoin (LTC) is experiencing notable market activity, trading at $135.15 USD, reflecting a 3.91% increase from the previous close.
A significant development contributing to this momentum is Canary Capital’s spot Litecoin ETF appearing on the Depository Trust and Clearing Corporation (DTCC) system under the ticker LTCC. While this listing doesn’t equate to immediate approval from the U.S. Securities and Exchange Commission (SEC), it signifies a preparatory step for potential trading upon regulatory clearance. 
The anticipation surrounding this ETF has led to a surge in Litecoin’s network activity. On-chain analytics platform Santiment reports that daily transaction volumes have reached $9.6 billion, marking a 46% increase in market capitalization between February 2 and February 19. 
Additionally, technical indicators point towards a bullish trend. A ‘golden cross’ pattern, which historically preceded a 200% price increase in 2020, has re-emerged, suggesting potential for further upward movement. 
In the broader financial landscape, institutions are increasingly embracing cryptocurrencies. Frankenmuth Credit Union, for instance, has expanded its crypto offerings to include Litecoin, among others, reflecting growing mainstream acceptance. 
These developments collectively underscore a positive outlook for Litecoin, driven by both market dynamics and institutional adoption.