Litecoin Daily Transactions Surge 243% to $9.6B Amid Growing ETF Optimism
With daily transactions jumping 243% from $2.8 billion in late August to $9.6 billion in February 2025, Litecoin’s network activity is at hitherto unheard-of heights. This significant rise in network utility is matched by a 46% gain in market capitalization from February 2–19, proving strong institutional and retail demand for Litecoin.
Litecoin ETF Preparations Accelerate as Multiple Issuers Position for Approval
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Recent changes in the ETF scene have caused notable Litecoin market movement. Under the ticker LTCC, Canary Capital’s spot Litecoin ETF has been listed on the Depository Trust and Clearing Corporation (DTCC), therefore preparing a vital step towards its launch. This listing indicates that the required trading infrastructure is in development even if it does not ensure regulatory permission.
Further driving market hope is the Securities and Exchange Commission’s acknowledgement of CoinShares’ spot Litecoin ETF filing for Nasdaq listing. With Litecoin’s designation as a commodity by the CFTC strengthening its clearance prospects compared to other digital assets, Bloomberg ETF analysts retain a 90% probability of Litecoin ETF approval this year.
Litecoin Whale Activity Suggests Strategic Accumulation
With whale investors accumulating $500 million worth of LTC over the past two weeks, on-chain statistics show considerable institutional buildup. From $45,190 to $60,974, the average transaction size has dropped by 35% implying more institutional involvement. This more whale presence might be quite helpful against short-term profit-taking and market instability.
LTC/USD Technical Indicators Signal Bullish Momentum
With an almost 30% increase over the previous two weeks, Litecoin LTC/USD has shown great price activity, exceeding the larger crypto market. Representing an 8.5% daily increase from its $127 low, the asset lately tested the $138 level following the DTCC listing news. Technical study finds some encouraging signs:
- Formation of a slanted triple-bottom pattern
- Break above the 50-week Exponential Moving Average
- Surpassing key resistance at $114.05
- Development of an ascending triangle pattern
Litecoin Price Outlook and Key Levels
Although the instantaneous price movement shows some resistance at $130, the underlying foundations are sturdy. Important supporting points of view to monitor consist:
- Critical support at $128.83
- Keltner Channel midline at $121.66
- Parabolic SAR support at $109.44
Analysts suggest that maintaining support above $120 is crucial for continuing the bullish momentum. Technical projections indicate potential upside to $225, representing a 75% increase from current levels, though this outlook would be invalidated if prices fall below $80.
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