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Amid the ongoing market uncertainty, Litecoin (LTC) is gaining significant attention from crypto enthusiasts due to its impressive performance in recent days. While examining current market trends and asset outlooks, a prominent crypto expert posted on X (formerly Twitter) and made a bold prediction for LTC.
Litecoin ($LTC) has been propelled to the forefront of the altcoin market with recent moves, and technical indicators suggest the rally may just be getting started. The post Could Litecoin Be the Next Big Runner? $1.5 Billion Volume Pushes LTC Up 12% appeared first on Cryptonews.
Litecoin has experienced a notable rally over the last 24 hours, surging by 10%. This rally helped the altcoin recover a significant portion of the losses incurred since the end of January.
The analysts estimate Dogecoin ETF approvals at 75%, while Solana and XRP ETFs have 70% and 65% chances, respectively.
Litecoin (LTC) has seen a significant surge in price recently, gaining 24% over the course of a week, with a massive rise in trading volume. This bullish movement has been fueled by growing optimism surrounding a potential Litecoin ETF, and technical signals suggest that the cryptocurrency may be on the verge of a major breakout.
The crypto market has struggled in the last two weeks, with Bitcoin facing resistance at the $100,000 mark. However, the last 48 hours have seen some semblance of recovery, and the following three coins signal a high upside potential in the near term.
In this top crypto price prediction article, we look at LTC, BNB and XLM prices and why the bullishness will likely continue.
Litecoin (LTC) could soon join the list of spot crypto exchange-traded funds (ETFs) trading in the US, with Bloomberg analysts giving it an over 90% chance of approval.
The recent announcement from the Wall Street asset management firm Grayscale about its filing for a spot ADA exchange-traded product has triggered a bullish momentum among multiple coins, including BTC, ADA, SOL, LTC, and XRP.
Spot altcoin ETFs stand a good chance of being confirmed in 2025, according to Bloomberg ETF analysts. What Happened: Senior Bloomberg ETF analyst Eric Balchunas on Monday stated that Litecoin (CRYPTO: LTC) has the highest ETF approval odds at 90%.
According to analysts from Bloomberg, there is a 90% probability that the U.S. Securities and Exchange Commission (SEC) will approve a spot exchange-traded fund (ETF) based on Litecoin (LTC) by the end of 2025. They estimate the chances of approval for other crypto ETFs, such as those for XRP, Solana (SOL), and Dogecoin (DOGE), at 65%, 70%, and 75%, respectively.
The rally follows Bloomberg analysts raising approval odds for a Litecoin ETF, and Monday's spot Cardano ETF filing.
Litecoin (LTC) price saw a 15% price increase, moving closer to its key resistance level at $130, amid the 90% odds of a spot ETF approval this year.
Can LTC maintain its uptrend momentum driven by ETF speculation?
Well-followed Bloomberg analysts James Seyffart and Eric Balchunas believe exchange-traded products based on cryptocurrencies Ripple's XRP, Solana, Dogecoin, and Litecoin all have favorable odds of securing approvals. Notably, they see the chances of a Litecoin (LTC) exchange-traded fund (ETF) going live in the coming months as higher than those of other ETFs currently proposed.
Recently, Ripple CEO boasted that the approval of an XRP ETF is simply inevitable. Notably, Polymarket bettors also think that there is at least an 81% chance for an XRP ETF proposal to receive its approval this year. However, a research, led by renowned ETF analyst Eric Balchuas, suggests a different view.
Bloomberg analysts predict a 90% chance of SEC approval for a Litecoin ETF in 2025, leading other cryptocurrency ETF candidates
Bloomberg analysts have revealed their approval odds for altcoin ETFs. Litecoin ETFs have a 90% chance of approval, while XRP ETFs have the lowest approval odds.
Prices for Litecoin, Dogecoin, Solana, and XRP are in the green after analysts James Seyffart and Eric Balchunas released their ETF approval odds.
The altcoins market is bustling with activity today as top market analysts highlight the greater odds of approval for a spot Litecoin ETF and spot Cardano ETF. While Ethereum (ETH) and XRP are up by 2-3% each, Cardano (ADA) and Litecoin (LTC) have gained anywhere between 10-15% each amid higher odds of these crypto ETF
There's a 90% chance Litecoin ETFs are approved, followed by 75% odds for a dogecoin ETF.
Litecoin closed the weekly trade with the mighty dragonfly doji, which is powerful and hugely long. This has suggested the token is bracing itself for a strong price action, which has materialized since the start of the week.
Litecoin (LTC) has been gaining attention in the cryptocurrency market once again as its price shows signs of recovery. Currently priced at around $120, Litecoin's market cap stands at approximately $9.08 billion, with a circulating supply of 75.5 million LTC.
Bloomberg ETF analysts Eric Balchunas and James Seyffart have released their latest approval odds for spot altcoin exchange-traded funds (ETFs) in 2025, with XRP receiving the lowest probability.
