The recent rise of Litecoin (LTC) attracted the attention of analysts. A Spot LTC ETF’s probability of approval in 2025 was over 80 %. The increase in this expectation contributes to the sense of rise and increases the interest in LTC. Analysts say that a break above $ 135 can trigger a strong upward movement.
Analysts point to these levels for Litecoin (LTC)!
The crypto money market has not been in a good condition lately. Many leading digital assets are consolidated at yesterday’s levels or suffered minor losses. However, Litecoin (LTC) is among the few token, which has an impressive rise. LTC has increased by 9.4 %in the last 24 hours. Token was traded for $ 136,81 during the article.
According to many sectors participants, Litecoin can soon turn to higher targets. The analyst Cryptowzrd thinks that a break of over 0.00140 SAT in LTC/BTC trading parity may cause more upward pressure for LTC. “$ 140 will see the next resistance target and a rally towards the target area of $ 170,” the Analyst adds.
The analyst who uses the name of DOM is also supporting the view of rise. Analyst argues that when the price of Litecoin exceeds $ 135, the real bull run can begin. In this context, the Analyst says that the rest of the market seems to be ready to break the 3 -month range in the cliff, ”he says.
Is LTC ETF on the horizon?
A factor that potentially nurtures Litecoin’s recent performance is the increase in the chances of releasing a Spotoin Stock Exchange Investment Fund (ETF) in the US. Earlier this year, the United States of the United States Securities and Stock Exchange Commission (SEC) officially accepted the offer of Canary Capital to present such a product. If approved, it will allow investors to invest in token without having to buy from the stock exchanges or without worrying about keeping them on their own.
Eric Balchunas, a senior ETF analyst in Bloomberg, recently estimated that the securities regulator was 90 %of a Spot LTC ETF’s chance to light a green light before the end of 2025. According to Polymarket, the probability of such a development is 84 %of this year.
In the meantime, other well -known companies such as Grayscale, 21shares and Bitwise show their intention to initiate ETFs with crypto currencies such as XRP, Island and Dogge as basic assets. Their approval is between 54 %and 78 %.
