"Litecoin Surges 20% on ETF Hopes; Profit-Taking Looms"

Litecoin (LTC) has been capturing investor attention as speculation surrounding a potential ETF approval fuels its rapid price recovery. As of now, LTC is leading the charge among altcoins, highlighting the potential for significant market movements driven by regulatory advancements.

According to market analysts, the 90% approval odds for LTC’s ETF in 2025 suggest strong institutional interest that could transform its market dynamics. This speculation has led to a remarkable 20% price increase for LTC, with the cryptocurrency reaching upwards of $132.

Recent activity in the crypto markets indicates that Litecoin (LTC) is undergoing a significant revival in its price momentum, driven primarily by increasing speculation surrounding the approval of a cryptocurrency ETF. With a remarkable 20% gain in just two days, the potential of LTC as an investment has sparked renewed interest among traders and investors alike.

On the daily trading charts, LTC shows bullish patterns within the ongoing price range of $95 to $140 established since last November. Notably, the relative strength index (RSI) has not yet ventured into overbought territory, suggesting there is still volatility and potential for growth ahead. However, the market landscape is not without its challenges; analysts indicate that a significant sell-off could occur if LTC approaches the resistance level of $135.

The high percentage of profitable LTC holders, currently at 73%, raises concerns about potential profit-taking actions which can contribute to market pullbacks. Historical performance indicates that local tops were observed when profitability approached 84% and 72%, suggesting that if current holders begin to realize their profits extensively, it may further dampen LTC’s price recovery efforts.

As speculation intensifies regarding ETF approval timelines, particularly with October 2025 on the horizon, traders are advised to remain vigilant. The interplay between current bullish sentiment and the looming potential for profit-taking will be crucial in determining LTC’s market trajectory. The historical context indicates that exceeding the $180 mark is critical for long-term bullish prospects, previously seen in 2021 as LTC reached highs of $280.

In summary, while LTC’s recent surge is largely attributed to ETF-related speculation, the substantial unrealized profits among current holders pose a