Litecoin (LTC) showed significant strength in the collective Bearish market, which increased by 10% last day. According to the market cap, the 15th -largest cryptocurrency increases by 18.4% this week, attempting to establish a new annual high of $ 141.
Source: Litecoin Weekly Chart Analysis. Source: COINTELEGRAPH/TradingView
Due to another 10% increase, we will deploy Litecoin at the last three years of $ 150 in January 2022.
SEC recognizes Coinshares Spot Litecoin ETF
According to the submission published on February 19, 2025, the US Securities and Exchange Commission (SEC) recognized another ETF submission, and Coin Shine Spot Lisocoin and XRP ETF are currently attracting attention.
Submission of Spot LTC by Coinshares. Source: SEC
NASDAQ stock market LLC submitted submissions on behalf of Coinshares, and the SEC requested public opinion within 21 days after submission.
This is the third point LTC ETF, which was initially nodded by the SEC following the submission of Litecoin ETF of Canary Capital and GrayScale.
Last week, Bloomberg’s ETF analyst, Eric Balchunas, said that in 2025, Lisoco, ETF, is 90 percent. The review process is expected to take up to 240 days, and the resolution is expected around September 2025.
But Fellow analyst James Seyffart of Bloomberg ETF believed that the Spotlight ETF could struggle to attract significant demand.
Related: Litecoin ETF is 90%chance of receiving SEC approval in 2025.
Litecoin reveals interest in $ 758m, reaching the highest level of four years.
Along with SPOT ETF RULLISH CATALYST, Litecoin’s public interest (OI) surged to $ 770 million on February 19, indicating that a gift merchant potentially sees LTC as an opportunity. This is the highest OI value of Litecoin since May 2021 and suggests new interest in future rally.
Litecoin Disclosure Interest Chart. Source: COINGLASS
DOM predicted that Altcoin could head to a height of $ 180 for the next few weeks, just before breaking the resistance for $ 140.
DOM’s Litecoin 4 -day chart analysis. Source: COINTELEGRAPH/TradingView
Analysts explained that LTC’s current price measures were “to -forming.” Added by the analyst
“The tower is always faster than ATH VWAP, and the entire invalidation is accepted to less than $ 103.”
However, INTOTHEBLOCK’s recent data suggests that Litecoin traders are falling into price fluctuations and sales, which maintains the price at the current integration stage.
Litecoin Netflow statistics. Source: INTOTHEBLOCK
As observed, every time the lysoin integrates in the $ 135 range, the exchange trader sells as a whole and then purchases it around the $ 100 area. This can explain a large candlelight week drop on February 3 when the LTC dropped to $ 80, but it was immediately closed over $ 100 due to the existing bidding for the order.
Related: Will Bitcoin prices collide again?
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.