Litecoin Price Prediction: Why Litecoin Is Going Up?

Litecoin News: LTC Climbs 10% as ETF Approval Hype Grows

Why Is LTC Rising? Prediction on Litecoin Price

Driven by bullish technicals and ETF hope, Litecoin price soars above $135. LTC might be $165 or maybe $218? View our comprehensive LTC pricing projection.

The Recent Litecoin Surge: What Is Driving the Price Up?

Positively running, Litecoin (LTC) has surged over 10% and increased values above the $135 mark. This accelerating momentum happens even as Bitcoin falls short of the $97,000 mark. Particularly showing growing market confidence, Litecoin has risen 10.72% over 24 hours and 15.95% over the week.

The key reason for this surge is the increasing speculation about a probable Litecoin exchange-traded fund (ETF) in the US. With an 84% chance of approval in 2025, Polymarket projects that investor optimism has surged and market activity has surged as well.

Litecoin's strong bullish momentum's open interest signals

The hopeful attitude is validated by Litecoin's Open Interest (OI), which stands at $865.49 million—a new yearly high and the highest since May 2021. Usually indicating a future rally continuing, this rise in OI leads to more money entering LTC futures markets.

Early February, Litecoin retested its 200-week Exponential Moving Average (EMA) around $87.45 in early February, showing solid support before exceeding the $100 mark. Such technical capability supports the optimistic perspective.

Whales Gain Future Confidence in Litecoin

Another encouraging indication comes from the rising LTC accumulation by large holders. As of January 1, 2025, an extra 420 million tokens have been purchased altogether by Litecoin wallets carrying more than 10,000 LTC. This significant accumulation points to a great confidence among whales, who are positioned before a likely large discovery.

Technical Study: Could LTC Top $165 or More?

Technically, Litecoin has lately started to show a traditional Bull Flag pattern. This breakout above the barrier at $137.62 hints at increasing purchasing desire. If Litecoin successfully retests this level as fresh support, it might fly toward Target 1 between $185 and $190.

Given the flagpole height from the Bull Flag construction, a prolonged bullish surge might even drive LTC to Target 2 at $218. Traders should follow retests for validation even as stop-losses directly below the breakout zone help to control risks.

With the strong foundations and technical setup, Litecoin might soon retest its December 5 high of $147.06. If hopeful momentum continue, a strong closing over this level could propel LTC toward $165 with additional upside possibilities toward $185-$218.

Rising Open Interest, whale accumulation, and ETF confidence combined paint an arresting image of Litecoin's future. Traders should still be cautious, though, and monitor significant areas of resistance as well as changes in market attitude.