Litecoin Surges 18% In 7 Days: Trader Says It's 'About To Pull An XRP'

by Khyathi Dalal Benzinga Staff Writer

Zinger Key Points

Litecoin gains momentum as Bloomberg analysts raise ETF approval odds to 90%—the highest among Dogecoin, XRP and Solana.
Traders say LTC is the most bullish it’s been in a long time, with some eyeing new all-time highs.
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Litecoin LTC/USD has surged 20% over the past seven days, fueled by rising ETF approval expectations and increasing bullish sentiment among traders.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Litecoin LTC/USD	$120.98	$9.13 billion	+1.1%	+17.5%
Shiba Inu SHIB/USD	$0.00001567	$9.2 billion	-1.4%	-1.3%
Toncoin TON/USD	$3.75	$9.3 billion	-1.9%	-4.4%

Trader Notes: Kaleo believes Litecoin is about to pull an XRP, referring to the explosive rally XRP saw after its legal clarity boost.

He noted that he's been waiting for this setup since the August 2023 halving, and with ETF approval odds at a yearly high, the LTC narrative is finally in place: "It's time to send it to new all-time highs."

Altcoin Sherpa sees Litecoin as incredibly strong but expects a pullback around $135-$140, advising caution before entry.

$LTC is a beauty of a chart. I know it's a bit of hindsight and I'm not trading it but damn, these moves are strong. Wouldn't buy here since I think it pulls back around $135-$140 but will keep my eyes on it pic.twitter.com/Gz0TaimdYH
— Altcoin Sherpa (@AltcoinSherpa) February 11, 2025

Bluntz Capital notes that Litecoin is trading like the market expects an ETF approval soon—showing strong USD performance and printing a weekly bullish pattern on the BTC pair: "Haven't seen anything this bullish in a while."

Statistics: Crypto trader Master explained that Litecoin is the second-oldest blockchain, operating with 100% uptime, unlike Bitcoin, which has had occasional outages.

Widely adopted across exchanges, ATMs, PayPal and Venmo, Litecoin is one of the top cryptocurrencies used for payments, surpassing Bitcoin on BitPay.

IntoTheBlock data shows Litecoin's large transaction volume increased 3.74% in single day while daily active addresses were down 4.4%. Hodlers balance expanded by 2.5%.

With recent gains, around 78% of Litecoin holders are currently in profit.

Community News: Bloomberg analyst Eric Balchunas places Litecoin ETF approval odds at 90%—the highest among Dogecoin, XRP and Solana, reinforcing market confidence

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