Litecoin: Can LTC Hit $135 This Weekend?

Litecoin (LTC) has faced rather a correction successful the regular charts. The plus is down 5.5% successful the past 24 hours but is up successful the different clip frames. LTC’s terms has rallied 6.2% successful the play charts, 19% successful the 14-day charts, 8.7% implicit the erstwhile month, and 82.6% since February 2024.

Also Read: XRP Surges 7% As Brazil Will Launch World’s First Spot ETF

Source: CoinGecko

Litecoin ETF Developments Pushing Prices

Source: Webopedia

LTC displayed rather a beardown show implicit the past fewer days. The rally is apt owed to affirmative improvement successful the LTC ETF arena. The SEC has started its reappraisal process for respective crypto-based ETFs. The fiscal watchdog has acknowledged CoinShares’ filings to database XRP and Litecoin ETFs connected Nasdaq. The SEC volition unfastened a 21-day nationalist remark play for the filings earlier deciding connected the support of these ETFs.

Also Read: Stock Market Volatility Increases arsenic Fed Holds Ferm connected Interest Rates

According to a study by Bloomberg ETF analysts Eric Balchunas and James Seyffart, Litecoin has the astir chances of getting an ETF. The duo concluded that LTC has a 90% accidental of an ETF. The SEC has besides acknowledged 19b04 filings for the asset. The fiscal regulator besides views LTC arsenic a commodity.

Our authoritative alt coin ETF support likelihood are out. Litecoin leads w 90% chance, past Doge, followed by Solana and XRP. We are lone doing for 33 Act $IBIT-esque filings. But def poss to spot futures oregon Cayman-subsidiary benignant 40 Act worldly get done arsenic well. https://t.co/JSaNnifjbu

— Eric Balchunas (@EricBalchunas) February 10, 2025

How High Will The ASset Go This Weekend?

The cryptocurrency marketplace seems to beryllium recovering today. Bitcoin (BTC) has reclaimed the $97,000 terms level. While galore assets are rallying successful the regular charts, LTC has faced a correction.

According to CoinCodex, LTC volition proceed its descent implicit the adjacent fewer days. The level anticipates the plus to dip to $118.15 connected Sunday, Feb. 23.

Source: CoinCodex

Also Read: Dogecoin (DOGE) On Path To Surge 234%To Hit $0.84: Here’s When

There is simply a anticipation that LTC volition prime up steam implicit the weekend. If BTC continues its upward trajectory, different assets could acquisition a rally. How the marketplace performs is yet to beryllium seen.