LTC ETF Approval Sparks 14% Rally as Institutional Adoption Accelerates
On October 20, 2025, Litecoin experienced a significant 14% price surge to $92.35 following the landmark approval of the first Litecoin ETF by the SEC. This pivotal regulatory milestone represents a major step forward for institutional adoption of LTC, mirroring the successful trajectories previously seen with Bitcoin and Ethereum ETFs. The approval has generated substantial market confidence in Litecoin's regulatory standing and long-term viability within the cryptocurrency ecosystem. The rally was further amplified by broader cryptocurrency market tailwinds, with Bitcoin simultaneously breaking through the $105,000 psychological barrier. This correlation demonstrates Litecoin's continued integration within the broader digital asset landscape and suggests potential for sustained growth momentum. The $92 support level has now become a critical technical threshold that market participants are closely monitoring for future price direction. This ETF approval not only validates Litecoin's position in the regulatory framework but also opens the door for increased institutional capital flow and mainstream investor participation. The successful launch positions Litecoin alongside other major cryptocurrencies that have gained ETF approval, potentially setting the stage for further price appreciation as adoption continues to expand across traditional financial markets.
Litecoin ETF Approval Triggers 14% Rally as LTC Price Tests $92 Support Level
Litecoin surged to $92.35 following the SEC's landmark approval of its first exchange-traded fund, marking a pivotal moment for institutional adoption. The 14% price jump reflects growing confidence in LTC's regulatory standing, mirroring earlier Bitcoin and ethereum ETF successes.
Broader crypto tailwinds amplified gains as Bitcoin breached $105,000, demonstrating Litecoin's continued correlation with market leader BTC. The Federal Reserve's decision to hold rates steady provided additional macroeconomic support for risk assets.
Technical traders now watch the $92 level as critical support, with the ETF news establishing a new valuation floor for the silver to Bitcoin's gold.
Litecoin (LTC) Price Prediction: $300 Breakout Looms After Key Dip Amid ETF Speculation
Litecoin, one of crypto's oldest altcoins, is showing signs of a major bullish reversal after months of sideways trading. Analysts point to whale accumulation and technical resilience as key drivers for a potential rally toward $300 in 2025.
The cryptocurrency has maintained stability while Bitcoin climbed, creating what traders see as an undervalued opportunity. Technical indicators suggest a possible dip to $70 could serve as the springboard for long-term gains, with Bollinger Band analysis highlighting critical resistance levels.
Market observers note the absence of dramatic price spikes despite increasing institutional interest—a pattern that often precedes significant moves. The ETF buzz surrounding digital assets appears to be spilling over to Litecoin, reinforcing its position as a bellwether for altcoin performance.
New York Democrats Target Proof-of-Work Mining with New Tax Proposal
New York State Assembly Democrats have introduced Assembly Bill A9138, a companion to Senate Bill S8518, aiming to impose an excise tax on proof-of-work cryptocurrency mining operations. The tax, ranging from 2 to 5 cents per kilowatt-hour, WOULD take effect January 1, 2027, and target miners' electricity consumption.
Revenue generated from the tax would fund New York's Energy Affordability Programs, designed to assist low- to moderate-income households. Mining operations utilizing renewable energy or operating off-grid would be exempt from the proposed tax.
The legislation represents a concerted effort by New York lawmakers to address energy consumption concerns surrounding proof-of-work cryptocurrencies. Assembly member Anna Kelles and State Senator Liz Krueger are leading the charge, with both bills now under committee review.
