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LTC Surges 4% Amid ETF Optimism and Technical Breakout

LTC Surges 4% Amid ETF Optimism and Technical Breakout

Author:
LTC News
Published:
2025-06-26 06:05:30
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[TRADE_PLUGIN]LTCUSDT,LTCUSDT[/TRADE_PLUGIN]

Litecoin (LTC) has experienced a notable 4% surge, reaching $85.45, as it stabilizes near the $84 mark. This rebound is attributed to easing geopolitical tensions and growing optimism surrounding the potential approval of spot Litecoin ETFs. Trading volume has surpassed its 20-day average, indicating heightened investor interest. Regulatory developments are in focus, with the SEC currently reviewing two Litecoin ETF applications. Market sentiment appears bullish, with Polymarket traders pricing approval odds at 83%, while Bloomberg analysts are even more optimistic at 95%. The approval of such an ETF could significantly bridge the gap between traditional finance and the cryptocurrency market, further legitimizing LTC as a viable asset class. As of June 26, 2025, Litecoin's performance and the ongoing ETF speculation continue to draw attention from both retail and institutional investors.

Litecoin Gains 4% Amid ETF Speculation and Technical Breakout

Litecoin surged 4% to $85.45, stabilizing near $84 as trading volume exceeded its 20-day average. The rebound follows easing geopolitical tensions and growing Optimism around spot ETF approvals.

Regulatory developments loom large, with the SEC reviewing two Litecoin ETF applications. Polymarket traders price approval odds at 83%, while Bloomberg analysts peg them at 95%. Such a fund would bridge traditional finance and crypto markets.

Technicals show LTC breaking through $83.40 resistance with 331,459 coins traded hourly. The current $84-$85.45 range establishes immediate support and resistance levels. Sustaining above $84 keeps the path open toward $90, while failure risks a retest of $79.

Litecoin’s Privacy Layer MWEB Hits Record 150K LTC Locked

Litecoin’s MimbleWimble Extension Block (MWEB) has reached a milestone, with 150,000 LTC—worth approximately $12 million—now locked in its privacy-focused layer. This marks an all-time high for MWEB, reflecting growing demand for on-chain confidentiality without compromising speed or scalability.

Activated three years ago, MWEB operates as an opt-in parallel ledger attached to each Litecoin block. It leverages confidential transactions, CoinJoin mixing, and stealth addresses to obscure transaction details while benefiting from Litecoin’s proof-of-work security. The design’s efficiency comes from MimbleWimble’s ability to prune spent data, reducing blockchain bloat.

Adoption is accelerating: over 90% of miners and nodes now validate MWEB blocks. Analysts attribute the surge to network effects—the larger the pool of private coins, the stronger the privacy guarantees, attracting more users. Wallet support is expanding, with CAKE Wallet integrating MWEB for mobile transactions in October 2024.

Unlike Monero’s blanket anonymity or Zcash’s computationally heavy shielding, MWEB offers a middle ground—optional privacy with minimal overhead. Litecoin’s approach positions it as a practical choice for everyday transactions seeking discretion.

Cardano Gains Traction as Coinbase Launches ADA on Base Network

Cardano's ADA token is holding steady NEAR $0.57 amid broader market recovery, buoyed by rising trading volume and ecosystem developments. The cryptocurrency has seen over $600 million in daily trading activity, with open interest in ADA futures reaching 1.2 billion tokens.

Coinbase has introduced cbADA, a wrapped version of ADA on Ethereum's Base network, enabling cross-chain DeFi participation. The 1:1 asset-backed token expands ADA's utility across platforms like Uniswap and PancakeSwap while maintaining transparent reserves through Coinbase custody.

Market interest continues to build following the Midnight Glacier airdrop, which generated more than 200,000 social media mentions. The integration with Base represents Coinbase's latest effort to unify liquidity across blockchains, following similar moves with cbETH and cbLTC.

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