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Litecoin (LTC) Hype Could Push The Token Past $100, Say Analysts
Litecoin has begun to attract fresh investor attention after a prolonged period of underperformance, as the broader market starts to position itself in anticipation of potential regulatory tailwinds.
The token rose above $92 on July 3, extending its two-week recovery and reversing a substantial portion of its June decline. Additionally, the recent upswing enabled Litecoin to move above a multi-week descending trendline, which could contribute to an increase in confidence within the token’s price action.
While Bitcoin and Ethereum continue to dominate headlines, Litecoin’s resurgence has been quieter but increasingly consistent. The recent surge is thought to be fueled by increasing speculation over the possibility of a spot Litecoin ETF (Exchange-Traded Fund). Expectations are building that the U.S. regulatory agency will grant approval for such an ETF before the end of this year.
Analysts have pegged Litecoin’s spot ETF approval chances at 95%, citing clarity in regulations, existing CFTC-regulated futures, and active 19b-4 filings by firms like Grayscale, Canary, and CoinShares. Bloomberg analysts predict a 95% chance for a Litecoin ETF in 2025. The final SEC approval deadline is October 2, 2025.
CoinGlass data suggests that this institutional narrative has reignited speculative interest in LTC derivatives. Open interest in Litecoin futures climbed to almost $600 million by July 3, steadily rising from the low levels of around $450 million seen in early June. This increase coincides with a recovery in LTC price from the $75 range to nearly $90, implying that the uptick in OI is not neutral but somewhat directional.
Traders are likely positioning ahead of what they perceive as a high-probability ETF catalyst, driven by the convergence of legal infrastructure and deadline-based expectations.
Source: coinchapter.com
