After Years of Underperformance, Litecoin (LTC) May Be Poised to Outpace the Broader Altcoin Market

Litecoin (LTC), once known as the “silver to Bitcoin’s gold,” has badly underperformed the broader altcoin market since the 2018 bottom.

Litecoin (LTC) might be best known as the ‘silver to Bitcoin’s gold,’ and it has seen pale price gains compared to the broader altcoin market since the 2018 bottom.

While LTC is up over 300% in the past seven years, that pales compared to Ethereum and XRP, which went up by 3,300% and 750%, respectively, in the same period.

However, a new Bloomberg Intelligence update shows Litecoin has the highest odds of gaining spot ETF approval among major altcoins—potentially reviving interest in one of crypto’s longest-standing assets.

Litecoin Leading Altcoin ETF Race With 90% Approval Odds

LTC, along with the layer-1 blockchain, Solana (SOL), holds a 90% probability of securing spot ETF approval in the US by the end of 2025, according to the crypto ETF dashboard.

This edge over XRP (85%), Dogecoin (80%), Cardano (75%), and Polkadot (75%) is attributed to Litecoin’s regulatory status.

The SEC is likely to classify it as a commodity due to a proof-of-work consensus mechanism like Bitcoin, and the CFTC already regulates its futures, simplifying the path to a spot ETF.

Grayscale, Canary, and CoinShares have all filed applications, with the SEC set to decide by October 2, 2025.

Solana, despite sharing the same 90% approval odds, faces a more complicated process. It lacks CFTC-regulated futures and hasn’t received a clear commodity designation from the SEC.

LTC Price Key Support, Has $150 Fib Level In Sight

The LTC price chart is showing early signs of a bullish reversal after defending a critical multiyear ascending trendline support.

This latest bounce also came just above the 0.786 Fibonacci retracement level (~$84.83), which reinforces this zone as a strong accumulation area.

If the trendline support holds, then LTC could be setting up for a move toward the 0.618 Fib level, currently near $150. This Fib zone also coincides with a previous resistance range from mid-2023. A move to this level would represent a roughly 60% gain from current price levels near $92.

The 50-week and 200-week moving averages—currently around $83 and $95, respectively—are converging, forming a long-term decision point.

A decisive breakout above this compression zone could fuel a larger upside push, especially if the ETF rumors and speculation begin to heat up more intensely in the third quarter.

The relative strength index (RSI) on the two-week chart remains neutral around the 50 level, which suggests there is still some room for price expansion without triggering overbought conditions.