Litecoin (LTC) Surges 46% in Just 2 Weeks on ETF Buzz

Litecoin (LTC), ranked #15 on the checklist of largest cryptocurrencies by market cap, has been flexing its muscle mass currently, rising its worth by 46% in barely over two weeks.

The asset, typically overshadowed by flashier rivals similar to Bitcoin (BTC), is driving a wave of investor optimism, registering $9.6 billion in day by day on-chain transaction volumes per knowledge from Santiment.

Litecoin Beneficial properties Momentum Amid ETF Hypothesis

Whereas Bitcoin and Ethereum typically dominate crypto headlines, LTC has been quietly constructing momentum. Based on Santiment, between February 2 and February 19, its market cap went up by 46%, fueled by elevated community utility and institutional curiosity.

⚡️ Litecoin doesn’t usually get the social media hype of different high cap cryptocurrencies like XRP, Solana, Chainlink or Cardano. However on the again of some reputable ETF rumors, it has quietly seen an enormous leap in worth just lately. From February 2 to February 19, 2025, Litecoin’s… pic.twitter.com/FSRpoKt2zd

— Santiment (@santimentfeed) February 20, 2025

The thrill isn’t simply hypothesis. Not too long ago, Bloomberg analysts James Seyffart and Eric Balchunas instructed there was a 90% likelihood of the U.S. Securities and Change Fee (SEC) approving exchange-traded funds (ETFs) monitoring Litecoin. The percentages of this product hitting the market are a lot increased than these of bigger capped cryptocurrencies, together with Dogecoin (DOGE), Ripple (XRP), and Solana (SOL).

Canary Capital has filed to checklist a Litecoin ETF, with the SEC acknowledging the submitting and initiating its assessment course of. If accepted, it might enable mainstream traders to achieve publicity to LTC with out managing non-public keys or holding the asset immediately.

In Santiment’s view, an LTC ETF wouldn’t solely open the floodgates for institutional funding but in addition make it extra possible for the opposite altcoins to be tied to related monetary merchandise.

On-Chain Exercise and Market Affect

Past the ETF noises, Litecoin’s $9.6 billion price of on-chain buying and selling exercise over the previous week is outstanding. The identical metric had a worth of $2.8 billion simply six months in the past, which means its present state is a 242% enchancment from that interval.

In the meantime, market watchers have predicted LTC’s subsequent worth goal at $140, with a possible rally towards $170 if momentum continues. On the time of writing, the coin was altering fingers at simply above $133, a 3.4% enchancment on its stage 24 hours in the past. Throughout 12 months, the cryptocurrency’s worth is up greater than 94%, pushing its market worth previous the $10 billion mark.

Though that hardly compares to Bitcoin’s almost $2 trillion market cap, the OG crypto’s latest dip to a two-week low of $93,500 noticed it outperformed by Litecoin, which additionally did considerably higher than the broader crypto market, which is up a mere 0.60%.