LTC Eyes 50% Surge by May 2025 Amid Bullish Momentum and Bitcoin Rally
Litecoin (LTC) is showing strong bullish signals as it rebounds in Q2 2024, currently trading above $90. Technical indicators suggest a potential breakout toward $100, with a 50% price surge projected by May 2025. The rally aligns with Bitcoin’s ascent past $97,000, fueling Optimism in the crypto market.
Litecoin Price Prediction: Potential 50% Surge in May 2025 Following 11% Rally
Litecoin’s price action signals growing bullish momentum as it rebounds strongly in Q2 2024. The LTC price currently trades above $90, with technical indicators suggesting a potential test of the $100 resistance level amid anticipated FOMC-related volatility.
Market participants watch for a decisive breakout, which could catalyze a 50% appreciation by May 2025. Bitcoin’s parallel ascent past $97,000 creates favorable sector-wide conditions, though Litecoin must sustain gains above critical psychological levels to confirm the upward trajectory.
Litecoin Price Flashes Rare Bullish Pattern Amid ETF Uncertainty
Litecoin defied regulatory headwinds to reach a three-week high of $93.70, marking a 43% rebound from April lows. The rally occurred despite the SEC’s delay in approving Canary’s spot LTC ETF proposal, which saw approval odds dip to 75% on prediction markets.
Market participants view Litecoin as having stronger ETF prospects than most altcoins due to its Bitcoin-like proof-of-work architecture. Key technical differentiators include Litecoin’s 84 million coin supply cap and Scrypt mining algorithm, contrasting with Bitcoin’s 21 million limit and SHA-256 protocol.
Valour Expands Digital Asset Offerings with Litecoin and Curve DAO ETPs
Valour, a subsidiary of DeFi Technologies, has launched two new exchange-traded products (ETPs) tracking Litecoin (LTC) and Curve DAO Token (CRV) on Sweden’s Spotlight Stock Market. The move signals growing institutional interest in altcoin exposure beyond Bitcoin.
Litecoin surged 12% following the announcement, outperforming most top-100 cryptocurrencies. The rally occurred despite the SEC’s recent delay in deciding on a proposed spot LTC ETF. Prices breached $92, reinforcing LTC’s position as ’digital silver’ to Bitcoin’s gold.
Curve DAO Token saw a more modest 5% gain, testing resistance at $0.68. The ETP launch expands Valour’s Nordic footprint, providing regulated access to DeFi assets through traditional market infrastructure.
