Litecoin Whales Speculate on ETF Launch
Speculation around the Litecoin (LTC) spot ETF has seen whales accumulate $512 million. Meanwhile, the price is aiming to break $150 by climbing to a 40-day high of $136 according to Ibrahim on Coingape.
Litecoin has seen a considerable rally in February 2025, defying downward pressure from macroeconomic headwinds. Speculation around altcoin ETF approvals has been a key factor in the surge in LTC prices.
This optimism was further bolstered after the SEC's recent recognition of Dogecoin (DOGE) and Ripple (XRP) ETF filings. As seen, the price of LTC hit a 40-day high of $136 on February 19, rising another 4% within the daily time frame.
ETF narrative continues to fuel Litecoin's rally as investors anticipate increased liquidity and accessibility through regulated investment vehicles.
Positive sentiment around the Litecoin ETF approvals has attracted significant institutional attention over the past few days, propelling LTC to a new 40-day high on Feb. 19.
Further analysis of on-chain data indicates that institutional investors have been aggressively accumulating LTC behind the scenes in anticipation of the ETF launch
