Litecoin Surges 14%, Is LTC Slated To Hit $200 In February 2025?

Litecoin (LTC) was yet making quality aft staying connected the sidelines for years. The altcoin is 1 of the earliest cryptocurrencies and was dubbed arsenic integer metallic portion Bitcoin was called integer gold. Despite its aboriginal popularity, the plus was seen dropping down successful presumption of ranking. An LTC exchange-traded money filing is the crushed that the plus has been making sound yet again. While the plus was seen signaling a double-digit spike, the existent question is if LTC tin proceed this momentum into the adjacent month.

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SEC Acknowledges Litecoin ETF Application

Source: tokenmetrics

Canary Capital’s connection for a Litecoin ETF was acknowledged by the SEC. This further gives the assemblage assurance that it whitethorn yet beryllium listed connected exchanges. It volition beryllium a important milestone if the LTC ETF garners a greenish signal. This is due to the fact that it would beryllium the SEC’s archetypal designation of an altcoin ETF filing. According to Bloomberg elder ETF expert Eric Balchunas, the connection outperformed rivals aft navigating regulatory constraints.

First alt coin 19b-4 to beryllium acknowledged, remainder were told to retreat by Genz SEC. Throw successful the comments from SEC connected the S-1 and this filing is by acold the furthest on checking each the boxes. Q present is volition this SEC hold the afloat 240 days oregon o.k. much rapidly. Unknown. https://t.co/iXwq9PkLGr

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This quality impacted the terms of the altcoin. Litecoin went from trading astatine a regular debased of $110.28 each the mode to a precocious of $130.41. Throughout the past 24 hours, the plus surged by a staggering 14% making it 1 of the apical performers of the day. At the clip of writing, the plus was trading astatine $129.23.

Source: CoinMarketCap

How High Will The Altcoin Trade In February?

According to information from CoinCodex, Litecoin volition transportation its existent momentum into the coming month. The steadfast revealed that LTC volition surge to a precocious of $217.69 pursuing a 68% emergence successful February. The asset’s mean trading terms is expected to beryllium astir $170.

Source: CoinCodex

It is worthy noting that LTC is 68% beneath its all-time precocious of $412. The altcoin attained this highest backmost successful 2021 astir 4 years ago. The support of an ETF could propulsion the terms of Litecoin towards its peak.

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