Litecoin Price Jumps 12% as ETF Hopes Gain Momentum, Analyst Predicts $150 Target

Highlights:

• LTC surges 12% to $138 on a 74% jump in trading volume to $1.9 billion.
• ETF hopes rise as Nasdaq applies to list a Litecoin ETF from CoinShares.
• Grayscale joins into a file for multiple crypto ETFs, including Litecoin.

The Litecoin price has surged 12% in the last 24 hours to trade at $138 as of 5 a.m. EST  on a 74% pump in trading volume to $1.9 billion. The rally in Litecoin price is when there is a rise in hope of approval of Litecoin ETF. Last week, LTC appreciated by 18%, its market capitalization at $10.53 billion, and the 24-hour trading volume increased by 70.94% to $1.86 billion, representing high investor demand.

LTC ETF HYPE IGNITES AS LIQUIDATIONS CRUSH MARKET

While Bitcoin corrects, Litecoin is surging—up 70% this month, shrugging off $350M in liquidations.

Traders are piling in, betting on a spot LTC ETF—with approval odds jumping to 84% as the SEC signals openness.

Technicals are… pic.twitter.com/c6WWNDRHbH

— Crypto Town Hall (@Crypto_TownHall) February 19, 2025

On February 10, Nasdaq submitted to the SEC to list two new cryptocurrency ETFs from CoinShares: Litecoin and XRP. This is a significant step forward towards the development of crypto-based financial products. Bloomberg experts predict that an ETF for Litecoin stands a good chance of approval in 2025, which is generating bullish sentiments.

Meanwhile, Grayscale Investments filed with the SEC on January 25 applications for various cryptocurrency ETFs, including Litecoin. If licensed, these ETFs would allow investors to access regulated exposure to cryptocurrency without owning them directly.

Internationally, Australia’s Monochrome Asset Management has submitted a draft application for the Monochrome Litecoin ETF (LTCC). The ETF would give institutional investors a safe and regulated way to gain exposure to Litecoin and Monochrome’s existing Bitcoin and Ethereum ETFs.

Litecoin Price Gears for a Breakout Above the Neckline

The LTC/USD 45-minute chart has a strong bullish configuration, and the price is currently trading at $137.8396, a gain of 1.10% in the session. With steady bullish momentum, the price has traded between $135.8791 (low) and $138.0602 (high). One of the important technical developments is creating a rounded bottom pattern, a bullish reversal pattern that signals a reversal from a downtrend to an uptrend. Together with a breakout above key resistance, this pattern signals the potential for a long rally.

Near-term resistance is $138-$140, the breakout zone where sellers can attempt to regain control. If Litecoin can sustain this breakout, it can spark a rally towards $145-$150, a zone of previous resistance. Above this, a move above $150 can put the price into higher untested levels, potentially stoking a strong uptrend. That being said, if the breakout fails and sellers take control, LTC can retest $136, which is now critical support.

If the breakdown continues, a drop towards $123.27-$122.65, the next critical support area marked by previous lows and trendline confluence, can occur.

Bullish Technocals Signal a Short-Term Pullback

From a technical indicator standpoint, the Relative Strength Index (RSI) is 75.08, with Litecoin in overbought territory. This reinforces extremely strong bullish momentum but also comes with the risk of a near-term pullback before further upside. The RSI breaking above 70 generally means buyers might be exhausted, and consolidation or retracement can be expected.

However, strong bullish trends can sustain overbought levels for extended periods, and a pullback may not be imminent. LuxAlgo trendlines, which track breakouts and reversals, confirm the bullish trend because Litecoin has broken above previous downward trendlines very convincingly to form a more stable uptrend.

If Litecoin’s price maintains support above $136, the bullish pattern remains intact, which increases the possibility of further upside towards $145-$150 in the next sessions. Traders should, nevertheless, watch for profit-taking or retracement, especially if momentum slows. A drop below $136 could leave LTC exposed to further downward pressure, which could drag the price back to $123-$122 before another attempt at a breakout.