#LitecoinETF

As of February 21, 2025, Litecoin (LTC) is trading at approximately $138.12, reflecting a 7.42% increase from the previous close.

This upward momentum is largely attributed to the recent listing of Canary Capital's spot Litecoin ETF on the Depository Trust and Clearing Corporation (DTCC) under the ticker LTCC, signaling potential approval and heightened investor interest.

Additionally, Litecoin's daily transactions have surged by 243% over the past five months, driven by ETF-related excitement.

Technically, Litecoin is exhibiting bullish patterns, including a 'golden cross'—where the 50-day moving average surpasses the 200-day moving average—suggesting potential for further gains.

However, it's important to note that some analyses predict a possible short-term decrease, with prices potentially dropping by 8.62% by February 22, 2025.

In summary, while Litecoin shows strong bullish indicators due to ETF developments and increased network activity, investors should remain cautious of potential short-term volatility.