Suche
Litecoin explodes by 13%: Is the massive increase sustainable?
Litecoin rises 13% to $132. New ETF expectations and institutional purchases are driving the price. Latest crypto news.
Litecoin explodes by 13%: Is the massive increase sustainable?
Cryptocurrency Litecoin (LTC) is currently showing a noticeable price movement. Reported on October 10, 2025 UToday that the value of the digital currency has increased by over 16% in the last 30 days. Most notable is an increase of around 13% in the last 24 hours, with an intraday high of $132.96. This impressive rise was triggered by overcoming a significant resistance level.
Recent data from CoinMarketCap shows that Litecoin price is at $132.42 at the time of reporting, up 13.02% over the past 24 hours. To support the bull trend, the Relative Strength Index (RSI) is at 75. Analysts are closely watching the support between $128 and $130 as this could be crucial for potentially higher targets such as $150.
Trading activities and institutional investments
Litecoin's trading volume has also increased significantly, increasing by 187.23% to $2.22 billion. Institutional investors are showing great interest: in October they increased their holdings of Litecoin by more than 15%. This could be related to the expectation that a spot Litecoin exchange-traded fund (ETF) will be approved. An updated S-1 filing from Canary Capital provides hope in this regard, including a 0.95% sponsorship fee and the ticker LTCC.
Additionally, the availability of Litecoin on the Coinbase trading platform to customers in the UK has further boosted demand. This could further promote positive price developments.
Forecasts and market analysis
Market developments remain exciting as analyst Ali Martinez predicts that Litecoin price could potentially rise to $220 depending on the performance of the Ethereum market. This prospect of a possible strong price increase adds to the excitement among investors and could attract further investment.
Overall, the current developments in the Litecoin market show a dynamic growth phase that offers both short-term and long-term opportunities for investors.