Litecoin (LTC) experienced an 8% price surge following SEC’s review initiation of ETF filings
CoinShares has submitted filings for both XRP and Litecoin ETFs on Nasdaq
SEC has opened a 21-day public comment period for the ETF filings
CoinCodex analysts predict LTC could reach $200 by April 2025
Current LTC trading price is over $135, marking a 10% increase
The cryptocurrency market witnessed renewed interest in Litecoin (LTC) this week as the digital asset’s price climbed to $135, driven by news of the Securities and Exchange Commission (SEC) beginning its review process for several crypto ETF filings. The price movement represents a 10% increase over the past 24 hours, marking one of the strongest performances in the altcoin market.
CoinShares, a prominent digital asset investment firm, has submitted applications to list both XRP and Litecoin ETFs on the Nasdaq exchange. The SEC’s acknowledgment of these filings represents a crucial step in the potential approval process for these investment products.
The formal evaluation phase has now begun with the submission of 19b-4 forms, triggering a 21-day public comment period. During this time, market participants and interested parties can provide feedback on the proposed ETF offerings.
The timing of these developments comes as the broader cryptocurrency market shows signs of maturity. Bitcoin, the leading digital asset, currently trades at $95,000, while various altcoins have begun showing independent price movements based on their specific market catalysts.
Historical data suggests that Litecoin has maintained its position as one of the most stable cryptocurrencies since its inception. Created in 2011, LTC was designed to offer faster transaction speeds and lower fees compared to Bitcoin, earning it the nickname “digital silver.”
Market Analysis
Market analysts at CoinCodex have provided price predictions for Litecoin, suggesting $137 as a potential ceiling for February. However, these projections may require revision as more information about the ETF review process becomes available.
The current rally demonstrates renewed investor confidence in Litecoin’s long-term prospects. Trading volume has increased across major exchanges, indicating broader market participation in the price movement.
Technical indicators show strong support levels forming around the $130 mark, with resistance currently being tested at $140. The price action suggests accumulated buying pressure that had been waiting for positive regulatory news.
CoinShares’ ETF filing includes detailed plans for secure custody solutions and robust market surveillance measures, addressing key concerns that the SEC has raised in previous crypto ETF applications.
The review process timeline aligns with recent regulatory developments in the crypto space. The SEC has shown increased willingness to engage with crypto investment products, as evidenced by their handling of recent Bitcoin and Ethereum ETF approvals.
Looking ahead, CoinCodex analysts maintain a bullish outlook for LTC during the anticipated altcoin season, projecting potential prices exceeding $200 by April 2025. This forecast represents a possible return on investment of over 50% from current levels.
Trading patterns indicate increased institutional interest in Litecoin, with several large-scale transactions recorded on blockchain explorers over the past week. These movements often precede periods of sustained price action.
Market observers note that the Federal Reserve’s monetary policy decisions could impact crypto markets broadly. The absence of interest rate cuts so far in 2025 has created some uncertainty in both traditional and digital asset markets.
Short-term price volatility remains a consideration for traders, as the crypto market continues to show sensitivity to macroeconomic factors and regulatory news. Daily trading ranges have widened since the ETF review announcement.
The next three weeks will be crucial for Litecoin’s price trajectory as market participants await the SEC’s response to the public comments and any potential requests for modifications to the ETF filings.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 
