On February 21, 2025, Litecoin (LTC) is trading at approximately 134.65 USD.

Recently, daily transactions of Litecoin increased by 243% in the last five months, coinciding with the growing anticipation around the approval of a spot Litecoin ETF. Notably, the Canary Capital spot Litecoin ETF has been included in the Depository Trust and Clearing Corporation (DTCC) under the symbol LTCC, marking a significant step towards its potential launch.

Market analysts are optimistic about Litecoin's trajectory, suggesting that the cryptocurrency is poised for a major bullish breakout. Projections indicate that LTC could reach new all-time highs in the coming months, driven by increased institutional interest and favorable regulatory developments.

However, it is important to note that recent market fluctuations have been influenced by significant events, such as the confirmation by the United States Securities and Exchange Commission (SEC) of Bitwise's Litecoin ETF, which caused a temporary price retraction.

Investors are advised to stay informed about ongoing events and conduct thorough research before making related investment decisions.