Litecoin News: Why $LTC Is Up Today & Will It Reach $500 Soon?

Litecoin News: Why LTC Is Up Today and Will it Hit New All-Time-High

Litecoin ($LTC) has seen a significant price surge today, trading at $137.67 with an impressive 10.84% intraday gain. The market cap has reached $10.4 billion, while the 24-hour trading volume stands at $1.9 billion. Over the past week, Litecoin has risen from $117.69 to $135.06, marking a 15% increase.

Despite this growth, Litecoin is still 67.2% below its all-time high ($412.96) set on May 10, 2021, but well above its all-time low ($1.15) from January 15, 2015.

Why Litecoin is Up? Key Reasons Behind $LTC Price Surge

The recent surge in Litecoin Price can be attributed to multiple factors:

• Litecoin ETF Speculation: Major firms like Grayscale, Canary Capital, and CoinShares are actively pursuing Litecoin ETF approval. The prospect of an ETF has significantly boosted investor confidence.

• Surpassing Stellar (XML): Litecoin recently overtook Stellar (XML) in market cap, securing the 12th spot on CoinMarketCap. With a market cap of $10.4 billion, Litecoin now edges ahead of Stellar’s $10.14 billion, signaling increased investor interest.

• ETF Analyst Support: Notable ETF analysts like James Seyffart and Eric Balchunas have expressed optimism about a potential Litecoin ETF. The SEC appears inclined to classify Litecoin as a commodity, increasing the likelihood of ETF approval.

• Litecoin ETF: Filed by Grayscale and Canary, with a final SEC decision expected by October 2, 2025. Analysts estimate a 90% chance of approval.

• Comparing Other Altcoin ETFs:

• Solana ETF: With a 70% chance of approval by October 10, 2025.

• XRP ETF: A 65% chance by October 17, 2025.

• Dogecoin ETF: Seen as a commodity, with a 75% chance by October 18, 2025.

These factors explain Why Litecoin is up today, as anticipation for ETF approval has fueled market enthusiasm.

Litecoin Price Prediction: Will $LTC Reach $500?

From a technical perspective, Litecoin is approaching a critical resistance level at $140, a point where it has faced significant selling pressure in the past. Since December 2024, LTC has tested this level four times, each followed by price pullbacks.

However, experts suggest that if LTC manages to close above $140, it could spark nearly 40% rally, potentially pushing the price to $200. Failure to break this resistance could see the price fall back to $100.

This bullish forecast leads many to wonder, will Litecoin go up further and will Litecoin reach $500? While $500 remains a stretch in the near term, the possibility strengthens if Litecoin secures ETF approval and maintains bullish momentum.

Is Litecoin the Next Big Thing?

With growing institutional interest and a high chance of Litecoin ETF approval, questions like will Litecoin be the next Bitcoin and will Litecoin get an ETF are becoming more common among investors. While it may not reach Bitcoin's monumental status, Litecoin is carving its niche as a reliable and scalable altcoin.