Litecoin Rockets 7% on SEC’s 90% ETF Approval Odds—Wall Street Suddenly ’Discovers’ Crypto Again

Litecoin defies its ’silver to Bitcoin’s gold’ reputation with a blistering 7% surge as analysts price in near-certain ETF approval. The SEC—fresh from its decade-long ’blockchain is scary’ phase—now flips bullish with 90% odds, sending traders scrambling.

Why the sudden love? Institutional FOMO meets regulatory whiplash. After years of dragging their feet, regulators now race to greenlight crypto products—just in time for banks to monetize what they once mocked.

One cynical take: Nothing accelerates adoption like the scent of Wall Street fees. Litecoin’s rally proves even ’outdated’ altcoins get their day when suits need new revenue streams.

Technical Analysis Highlights

• LTC-USD exhibited significant volatility with a 7.51% range ($81.82-$88.03), establishing strong support around $84.00, according to CoinDesk Research’s technical analysis data model.
• Price action formed an ascending channel with successful reclamation of the $86.00 level in the most recent 48 hours.
• Strong buying interest appeared during the recovery phase, with accumulation at key Fibonacci retracement levels.
• Current momentum suggests potential continuation toward $88.50 resistance, with $85.50 serving as validation support.
• In the last 100 minutes of trading, LTC recovered from mid-$86 range to above $87.19 after forming a higher low at $86.36.
• Particularly strong buying interest occurred during 14:14-14:17 UTC period when LTC reclaimed the $87.00 psychological level.
• The final hour showed increasing momentum with consecutive higher highs and higher lows, closing at $87.19 just below $87.25 resistance.
• A bullish price structure combined with declining selling pressure suggests potential continuation toward $88.00 if $87.00 in support holds.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.

External References:

• Cryptopolitan, Litecoin Price Prediction 2025-2031: Will LTC Recover to $200 Soon?, published April 30, 2025.
• Bitcoinist, Bitcoin Nears Golden Cross as MVRV Ratio Builds Momentum – Is a Breakout Coming?, published April 7, 2025.
• Invezz, Solana and Litecoin ETF Approval Odds Are Very High, Says Bloomberg Analyst Balchunas, published April 30, 2025.
• BitcoinWorld, Litecoin ETF and Solana ETF Approval Odds Skyrocket: Bloomberg Analysts Predict Astonishing 90% Chance, published April 30, 2025.
• Coinpedia, Litecoin, Solana, XRP Among Top Crypto ETFs Set for 2025 Approval, published April 30, 2025.