🚀 Litecoin ( $LTC ) could see a major breakout as the SEC acknowledges CoinShares’ filing for a spot Litecoin ETF. Bloomberg analysts give a 90% chance of approval in 2025, citing LTC’s non-security status.
📊 LTC Price Action & ETF Impact
Litecoin trades at $129, down 4% in 24 hours. If the ETF is approved, institutional investors can gain exposure without holding LTC, potentially driving massive adoption. Analysts predict a 40x rally to $5,000, with whales already accumulating $512M LTC in two weeks.
🔍 Bullish Technical Patterns & Open Interest Surge
Analyst Crypto Surf notes LTC has broken out of a symmetrical triangle, signaling a strong uptrend. Professor Moriarty highlights a bull flag formation, suggesting a move toward $218 before higher targets. Open interest has surged to $869M, its highest since May 2021, reinforcing bullish sentiment.
⚡ Will Litecoin hit $5,000?
With ETF approval looming and whale accumulation rising, LTC is positioned for a potential breakout. However, success depends on high inflows and outperforming Ethereum ETFs.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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