The crypto market started this week solidly, with most top altcoins “in green”. One of those is Litecoin, as the LTC price is up 11% in the last 24 hours, now trading around $117.
CoinShares just filed for an XRP and LTC ETF with Nasdaq. This news might be pushing the current Litecoin price jump. Investors get excited about ETF approvals, and this could be a big reason for Litecoin’s recent momentum.
Some big names are eyeing Litecoin ETFs. Canary Capital jumped in first, filing an application with the SEC on January 16, 2025. Grayscale followed up with their own filing on January 24, adding more buzz to the Litecoin market.
🚨 BREAKING: CoinShares files for an $XRP and $LTC ETF with Nasdaq. pic.twitter.com/k0UxEo6KyB
— Cointelegraph (@Cointelegraph) February 10, 2025
The Analyst’s Take on Litecoin’s Potential
A crypto analyst named XForceGlobal shared a chart on X that’s getting a lot of attention. He’s using Elliott Wave theory to break down Litecoin’s price movements.
The chart shows a long wait game. Litecoin has been in a tight trading pattern for nearly 2,532 days. That’s almost seven years of investors watching and waiting. The analyst thinks this long period of waiting could explode into a big price move soon.
He sees the current price sitting in a triangle pattern. This means the LTC price has been bouncing between tight upper and lower limits. Right now, Litecoin could break out in either direction. The support zone sits around $50–$70, while resistance levels look strong at $140–$200.
$LTC
— XForceGlobal (@XForceGlobal) February 10, 2025
Primary Macro Analysis#Litecoin is shaping up to be the next $XRP. I am accumulating for the next two years. The only missing piece is liquidity; yet, it has maintained one of the longest streaks of higher lows in price action—a key factor I look for when accumulating. pic.twitter.com/Oam2bpRviQ
The really interesting part? The analyst compares Litecoin to XRP, suggesting it could see a similar big price jump. He’s betting on increased market interest and liquidity to drive the price higher.
His key message is simple: patience might pay off for Litecoin investors. The consistent pattern of “higher lows” suggests steady underlying demand, even during quiet market periods.
If the current momentum continues, Litecoin could test its resistance levels around $140–$200 in the coming months. The recent ETF filings and growing institutional interest could be key catalysts. However, crypto markets are notoriously unpredictable. Investors should watch for the completion of the triangle pattern and potential breakout signals. The $117 current price sits tantalizingly close to the next major resistance zone, making the next few weeks crucial for Litecoin’s price trajectory.
Read also: Bitcoin, XRP & SOL Price Prediction: What Should Investors Expect This Week?
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