Litecoin Soars 10% As SEC Acknowledges ETF Filing—'Perfect Setup,' Says Trader

Litecoin LTC/USD is rallying as the SEC took its first official step toward a potential ETF approval.

What Happened: Polymarket data shows an 85% chance of a Litecoin ETF approval in 2025, with odds for an approval before July 31 jumping from 37% to 54% since Feb. 15.

Trader Notes: Crypto trader Claire called Litecoin's setup “perfect”, stating that bulls only need one final push.

Professor Moriarty, a trader and researcher, highlighted that Litecoin has broken through resistance in a classic bull flag pattern, setting up for potential upside. If LTC retests and holds support, he sees Target 1 at $185 and Target 2 at $218.

Statistics: IntoTheBlock data shows Litecoin's large transaction volume dropping by 13.5%, while daily active addresses increased 7.7% in a single day. Transactions greater than $100,000 declined from 2,141 to 1,936.  Currently, 86% of Litecoin holders are in profit, 6% are at breakeven.

Coinglass data shows Litecoin's open interest spiking by 25.8%, hitting an all-time high of $933 million in a single day. LTC liquidations in the past 24 hours totaled $5.5 million, with $4.5 million in short liquidations—indicating traders betting against LTC were squeezed.

Community News:  The Litecoin Foundation announced that the SEC has opened NASDAQ's request for the proposed CoinShares Litecoin ETF to public comments—a crucial step in the approval process. This raises speculation if LTC is soon to witness a Bitcoin moment in ETF listings.

In January, Bloomberg's senior ETF analyst stated that Litecoin has "checked all the boxes" and could be the first altcoin ETF of the year.

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