- In just 10 days, Litecoin has seen a rise of 122,000 new holder wallets, driven by its fast transaction speeds and strong security, reflecting growing confidence.
- This aligns with the growing anticipation of an LTC ETF approval and the rising number of LTC ETF filings, both of which could greatly enhance the cryptocurrency’s value.
Litecoin (LTC), often dubbed as “the silver to Bitcoin’s gold,” has continued to attract growing interest from investors. Despite recent market turbulence, LTC has demonstrated remarkable resilience, stabilizing above $110 and currently trading at $114. However, this price is still 72.28% below its all-time high of $410.26, which was recorded on May 10, 2021.
Despite a sharp 22% decline in price over the past 10 days, Litecoin has witnessed a significant increase in investor interest. The number of LTC holder wallets surged by 122,000, signaling growing confidence in the asset. This surge suggests that investors view the dip as a buying opportunity, reinforcing Litecoin’s market presence.
Technical Analysis: Potential Breakout on the Horizon
Litecoin’s price chart on the daily LTC/USDT scale has developed a symmetrical triangle pattern, which typically precedes a breakout in the direction of the previous trend. Technical indicators are pointing to a potential bullish breakout, with short-term and long-term moving averages aligning in favor of an upward move and the MACD indicator showing increasing bullish momentum. A significant price surge could occur if Litecoin breaks above the triangle’s resistance level, while a deeper correction might occur if bears regain control and push the price below support.
As we’ve reported, Litecoin’s hashrate has surged by 30% since the beginning of 2025, showing nearly double-digit growth over the last four months. This rise indicates robust miner involvement and enhanced network security. Litecoin’s total active addresses have risen as well, from 7.9 million to 8.11 million over the past three months, representing a significant increase of over 200,000 active users.
Litecoin’s technical strengths continue to drive its adoption, offering faster transactions with a processing time of just 2.5 minutes compared to Bitcoin’s 10 minutes. Its privacy features are further strengthened by MimbleWimble, a decentralized, privacy-focused protocol that enhances user confidentiality. These key attributes make LTC an appealing investment for both retail and institutional investors.
Amid rising optimism, Australian asset management firm Monochrome has submitted an application to launch the Monochrome Litecoin ETF. If approved, a Litecoin ETF will provide a regulated means for both institutional and retail investors to access LTC, increasing its credibility and appeal.
Monochrome is no stranger to crypto-based ETFs, as it already manages a $50 million Bitcoin ETF and a $2 million Ethereum ETF, both of which received approval in 2024. In addition to Monochrome, major investment firms CoinShares and Grayscale have also filed applications to introduce Litecoin ETFs. The likelihood of these ETFs being approved has increased following a recent U.S. court decision that dismissed all charges against Ripple, a ruling that has set a positive precedent for regulatory clarity.
