The price jumps by 16 % with institutional interest growth – TradingView news
The cryptocurrency market returns from a brutal sale, as Litecoin (LTC) leads the recovery. The currency price has increased by 16 % over the past 24 hours, indicating the renewal of the investor’s confidence.
At the time of this post, digital assets rose to $ 123 despite the 9 % decrease in the past week. The expectation of a possible exchange box (ETF) is an increase in optimism.
Trading sizes and ONSAIN activity
While the trading volume remains defeated, the activity on the chain indicates an increase in the interest of institutions and retail in digital assets. Despite the ongoing fluctuations, LTC steadily regained the ground after the broader encryption market endured a juvenile of $ 1.4 billion.
Source: CoinmarketCap
Currently, the encryption industry is facing a significant sale, as the global market value is less than $ 3 trillion. Bitcoin trades at $ 87,000, which represents a 1 % and 8 % decrease a day and a day, respectively.
On the other hand, the second largest encrypted currency, Ethereum changed your hands compared to $ 2,429 after a decrease of 10 % last week. The decline followed a major penetration that suffered from Crypto Exchange bybit, which led to record losses of $ 1.5 billion.
Market analysts believe that Litecoin flexibility can indicate a broader direction of the country. One of the primary stimuli behind the increase of Litecoin is the increasing possibility of ETF approval.
Bloomberg James Sevart and Eric Balunas estimated a 90 % chance that the US Securities and Exchange Committee (SEC) will highlight ETF based in Litecoin, according to Cryptopotato.
⚡ Litecoin does not usually get noise on social media from other encrypted currencies such as XRP, Solana, ChainLink or Cardano. But at the back of some of the legitimate ETF rumors, he quietly saw a great value in the value recently. From February 2 to February 19, 2025, Litecoin’s … pic.twitter.com/fsrpokt2zd
Canary Capital has already provided Etf Litecoin, with SEC recognized the application and starts its review process. If approved, the Fund will allow institutional investors to be exposed to LTC without maintaining assets directly, which may enhance the demand.
Activity on the chain and market morale
The last Litecoin gathering is in line with an increase in activity on the chain. According to Santiment, the currency has processed $ 9.6 billion in the volume of daily transactions during the past week, which represents an amazing increase of 243 % only five months ago.
Despite her recent gains, Litecoin still faces resistance at $ 140, as analysts expect a possible crowd to $ 170 if the upscale momentum continues. The coded currency has already increased more than 40 % between February 2 and February 19, which has much exceeded the gains of the broader market.
However, traders remain cautious, noting that market morale can turn if SEC is late or rejects ETF suggestion. Currently, the return of Litecoin puts it at the Vanguard of Recovery Recovery, where investors closely monitor more developments in the ETF space.
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