Solana News Today: Litecoin's ETF Launch Tests Market's Altcoin Appetite

Litecoin (LTC) is poised for a potential price surge to $135 as the cryptocurrency prepares for a landmark spot ETF debut on Nasdaq. At $99.78 as of Tuesday, LTC has rallied 7% in the previous week, buoyed by anticipation for the ETF and rising on-chain activity. The ETF, set to launch Tuesday, marks a pivotal moment for the digital asset, offering investors indirect exposure to LTC while enhancing liquidity and institutional credibility, according to an FXStreet report.

The ETF's approval would be a first for Litecoin, joining a growing list of regulated crypto products beyond Bitcoin and Ethereum. Eric Balchunas, Senior ETF Analyst at Bloomberg, confirmed the Nasdaq listing notices for the Bitwise Solana, Canary Litecoin, and Canary HBAR ETFs, signaling a historic expansion of altcoin investment vehicles, the FXStreet report added. Analysts view the product as a catalyst for broader adoption, particularly as it simplifies access for traditional investors wary of directly holding volatile crypto assets.

On-chain data further supports a bullish outlook. Transaction volumes on the Litecoin network have reached their highest levels since mid-2023, surging to $157.94 million on Monday from $127.31 million on October 18, according to Santiment data cited by FXStreet. Social engagement metrics also show heightened interest, with growing discourse on platforms like X and Reddit. These trends suggest a reinvigoration of trader activity, which could propel LTC higher if technical levels are breached.

However, the market's initial reaction to altcoin ETFs has been mixed. While the Bitwise Solana Staking ETF (BSOL) attracted $56 million in first-day trading volume—the largest of 2025—Solana's price fell 3.6%, according to a Benzinga report. Similarly, Litecoin's $LTCC ETF recorded only $1 million in volume, with LTC slipping 3.3% to $96.93, as noted in an AMBCrypto report. Hedera's HBAR ETF, meanwhile, saw modest volume but a 4.9% price gain, the AMBCrypto piece added. The disparity highlights investor selectivity, with assets offering staking yields or strong fundamentals outperforming others.

Technical indicators suggest LTC could test key resistance levels. The coin recently broke above the $96.30 weekly resistance but faced rejection at the 200-day EMA of $103.13, according to FXStreet. A sustained close above $104 could push LTC toward its October 10 high of $135.99. The Relative Strength Index (RSI) at 48 and a bullish MACD crossover on Saturday add to the positive momentum. Conversely, a pullback below $96.30 could reignite bearish pressure.

The broader crypto market remains cautious. Solana's 3.23% decline and HBAR's 1.04% drop underscore lingering volatility despite ETF optimism, as Benzinga reported. Yet, the successful launch of non-BTC/ETH ETFs signals a maturing regulatory landscape, with Wall Street increasingly embracing altcoin exposure under structured frameworks, AMBCrypto observed.

For Litecoin, the ETF represents more than a financial product—it's a test of whether legacy cryptocurrencies can reclaim relevance in a market dominated by innovation-driven assets like Solana and Ethereum. With institutional onboarding and retail enthusiasm converging, the coming weeks will be critical in determining if LTC's $135 target becomes a reality.