Litecoin Soars 16% as ETF Hopes Drive Institutional Demand

Litecoin has experienced a remarkable surge, gaining over 16% in the last month and exceeding $132. This upward momentum was fueled by institutional investors increasing their holdings by 15% and bolstered by the prospect of an upcoming spot Litecoin ETF. Optimism surrounding the ETF, coupled with rising demand from institutional investors, has sparked a wave of buying activity. The surge follows Litecoin’s successful breakout above a key resistance level, marked by its RSI at 75. Analyst expectations suggest that this price momentum may continue to push Litecoin towards new heights in the coming days.