The Litecoin (LTC) Community Is Ecstatic as the Likelihood of a Spot Litecoin (LTC) Exchange-Traded Fund (ETF) Approval Surges to 80%

The Litecoin (LTC) community is ecstatic as the likelihood of a spot Litecoin (LTC) exchange-traded fund (ETF) approval surges to 80% on Polymarket.

The cryptocurrency community is buzzing with anticipation as the probability of a spot Litecoin (LTC) exchange-traded fund (ETF) being approved by the U.S. Securities and Exchange Commission (SEC) surged to 80% on Polymarket.

This surge in approval probability—up from 42% in January—has fueled bullish sentiment for Litecoin, often dubbed the “digital silver” to Bitcoin’s “digital gold.”

Why Is Litecoin ETF Approval Surging?

Litecoin, a proof-of-work cryptocurrency and a Bitcoin hard fork, is widely regarded as a commodity rather than a security, simplifying its path to ETF approval compared to other altcoins like Solana or XRP, which face regulatory hurdles. Such regulatory appeals have stemmed high approval odds for Litecoin ETFs.

Since the beginning of 2025, the push for a Litecoin ETF has gained significant traction, with major financial firms like Canary Capital, Grayscale, and CoinShares filing proposals with the SEC.

Canary Capital’s filing, in particular, has drawn attention as it approaches a critical decision point. Unlike other altcoin ETF applications, such as those for XRP and Dogecoin, which faced delays, Canary’s Litecoin ETF proposal has not been postponed, raising hopes for early approval.

Litecoin Price Analysis

LTC price has already started responding to the ETF buzz, breaking above the $100 price mark and surging nearly 30% in the past month. Throughout the month, its trading volume has also seen a significant surge alongside increased network activity.

At the time of writing, Litecoin (LTC) is trading at $99.99, showing a 2.22% decrease in the past 24 hours. It remains above the 200-day moving average ($97.50), a bullish indicator, while the Relative Strength Index (RSI) stands at 45, indicating potential for further price increase.

Moreover, the Bollinger Bands are converging, which could lead to a sudden shift in volatility. If the optimism surrounding the ETF persists, this might propel LTC towards the next resistance zone at $120-$130. A sustained close above $105, supported by high trading volume, would confirm a continuation of the uptrend, targeting $150 in the short term.

Several analysts are predicting that the LTC price could rise to $150-$200 in the short term if the ETF approval momentum continues. Technical indicators like RSI and a bullish MACD crossover suggest room for further price increase, but resistance at $120-$130 is expected.

If the ETF approval decision is delayed until September-October, Litecoin can break through $255 in anticipation of the buying, but a rejection could cap gains at $90-$81, a key support range.