Litecoin Price Expected to Surge Amid Growing ETF Anticipation – Potential for Triple Positive Influences?

The value of Litecoin (LTC) could be on the verge of a significant increase this year, as the likelihood of a spot Litecoin ETF being launched in the USA grows.

LTC was last trading at approximately $126, having risen over 55% after bouncing back from its 200DMA in the $80 range last week.

This indicates that bullish sentiment remains strong in this market over the long term, despite Litecoin’s price being in a consolidation phase in recent months after peaking near $150 in early December.

However, as positive narratives surrounding Litecoin are gaining traction, particularly in relation to a potential ETF, Bloomberg analyst James Seyffart has assigned LTC the highest odds of ETF approval this year.

Bloomberg ETF analyst James Seyffart believes a Litecoin ETF has the best probability of approval.
The SEC doesn’t classify $LTC as a security, unlike $XRP and $SOL. pic.twitter.com/QkjfG546nH

— Blok Topik (@Bok2in) February 11, 2025

Could LTC be poised for a substantial upward movement later this year? Some analysts believe so.

Litecoin (LTC) Price Surge Anticipated?

Popular X user KALEO mentioned in a tweet on Tuesday that the market was finally witnessing the high time-frame (“HTF”) setup that could propel the Litecoin price back toward record highs.

$LTC / #Litecoin
I’ve been waiting for this HTF setup to look like this since the last halving in August of ’23.
It’s incredibly clear and straightforward, and with Bloomberg assigning it the highest % chance for ETF approval this year, it finally has a narrative to unfold.
Let’s go… pic.twitter.com/WAOm110Gzh

— Ok A L E O (@CryptoKaleo) February 11, 2025

With the high likelihood of ETF approval this year, Litecoin “finally has a narrative to unfold.”

Following an extended period of consolidation, similar to Bitcoin in mid-2024 and Litecoin over the past three months, it is not unusual for a major cryptocurrency with a compelling narrative to experience a significant upward movement.

As a potential ETF launch approaches, expect narratives regarding Litecoin being the “silver to Bitcoin’s gold,” along with its decentralization and use as a payment cryptocurrency, to gain prominence.

Litecoin is digital silver for institutions, a store of value for retail investors, and a means of payment and remittances for freedom advocates.

— Litecoin (@litecoin) February 12, 2025

The conditions may be aligning for a rally exceeding 3x for Litecoin to test its record highs above $400.

After failing to surpass its 2017 record highs in 2021, could 2025 be the year?

If a Litecoin ETF is launched and garners strong demand from institutional investors, it certainly could be.

However, Litecoin has struggled to attract as much retail interest as newer, more prominent cryptocurrencies like Solana, Sui, Avalanche, and Stellar in recent years.

This suggests a risk that institutional investors may overlook any future potential Litecoin ETF launch, opting instead to wait for “more exciting” assets (like Solana) to receive ETFs.

Should Investors Consider Allocating to LTC?

The potential for strong performance in 2025 amid ETF excitement indicates that investors might want to think about adding LTC to their portfolios, alongside larger assets like Bitcoin, Ethereum, or Solana.

Consequently, Litecoin could indeed be a favorable cryptocurrency to acquire at this time.

Nonetheless, whether LTC is worth holding in the long term may depend on the success of the ETF launch.

If it fails to gain traction, that could signal low interest in Litecoin, suggesting that investors might prefer to shift to assets with a more promising outlook (like BTC).

The post Litecoin Price Set to Skyrocket as ETF Hype Rises – 3x Gains Possible? appeared first on Cryptonews.