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Litecoin in the fast lane: ETF launch brings new momentum!
Litecoin (LTC) is rising ahead of the Nasdaq ETF launch on 10/28/2025, with a price of $99 and increasing trading volume.
Litecoin in the fast lane: ETF launch brings new momentum!
The Litecoin (LTC) price experienced a notable increase on Tuesday, October 28, 2025 and is currently around $99, up 7 percent over the previous week. This bounce is due in part to the launch of a spot exchange-traded fund (ETF) that debuts on the Nasdaq on Tuesday. Loud FXStreet This novelty generates renewed interest among investors.
The updated on-chain data shows an optimistic future for LTC as transaction volumes have reached the highest levels since mid-2023. Additionally, social interaction around LTC has increased. Eric Balchunas, senior ETF analyst at Bloomberg, confirmed the upcoming listing of Bitwise Solana, Canary Litecoin and Canary HBAR, which will also hit the market on Tuesday. This ETF approval allows investors to gain access to LTC without directly holding the digital currency, increasing liquidity and adoption.
LTC technical analysis
Litecoin transaction volumes increased from $127.31 million on October 18 to $157.94 million on Monday. This increase reflects increased interest from traders. In the final hours of trading, LTC cleared the weekly resistance at $96.30 and recorded a 3.15 percent increase the following day.
However, on Monday, LTC faced rejection at the 200-day Exponential Moving Average (EMA) at $103.13. Analysts agree that a close above the 200-day EMA and the $104 level has the potential to push LTC towards the October 10 high of $135.99.
Indicators at a glance
The Relative Strength Index (RSI) is currently at 48, approaching the neutral level of 50, indicating weakening bearish momentum. However, for a sustained bullish trend, the RSI must rise above 50. The Moving Average Convergence Divergence (MACD) indicators showed a bullish crossover signal last Saturday, which is considered a buy indication.
In the event of a correction, LTC could potentially fall back to the weekly support level at $96.30. This market development shows the potential for continued growth if positive trends continue.
In summary, the entry of the newly approved ETF and the positive on-chain data offer a promising outlook for Litecoin. Investors and traders are advised to closely monitor movements in the markets to capitalize on potential opportunities.