Litecoin Price Surge, Litecoin (LTC), called the “silver to Bitcoin’s gold,” has jumped 17% in the last 12 hours. This rise has pushed LTC to $118. It is the highest price in the past month. The price increase happened during early trading in Asia on Thursday morning.
Litecoin (LTC) has seen a big price jump of 17% in the past 12 hours. It reached a high of $118 during early trading in Asia on January 16, 2025. This rise is different from other altcoins showing strong interest from investors, especially whales. Large investors are buying LTC. They may be hoping for changes in regulations.
Litecoin Price Skyrockets 17%, Decouples from Altcoins: Litecoin Price Surge
Litecoin’s recent price spike is due to more activity from large investors, called whales. Santiment data shows that these whales, who hold at least 10,000 LTC, have bought about 250,000 coins since January 9. This pattern is like what happened in early December. It shows that whale buying is pushing the price up…
Litecoin’s price is still much lower than its high of $410 in May 2021. However, the recent price jump has sparked new interest from traders and investors. Many see LTC as a good alternative to Bitcoin. It is called “the silver to Bitcoin’s gold” because it has faster transaction times and lower fees.
ETF Speculation Fuels Optimism: Litecoin Price Surge
Litecoin Price Surge: A big reason for the rise in Litecoin’s price is the growing hope that a spot Litecoin exchange-traded fund (ETF) will be approved in the U.S. Many investors are optimistic since Gary Gensler is stepping down as SEC Chair. They expect a more friendly approach to cryptocurrency products. On January 15 Canary Capital updated its S-1 form for a spot Litecoin ETF. This has sparked talks about whether the SEC will get involved with the filing.
James Seyffart, an ETF analyst at Bloomberg, said there’s no guarantee on approval timelines, but recent talks suggest the SEC might consider Litecoin ETF applications. Eric Balchunas added that a Litecoin ETF could be approved before ones for Solana or XRP. This positive outlook has boosted confidence in LTC. It has also played a big role in its recent price rise.
Broader Market Context
The cryptocurrency market is also growing along with Litecoin. The total market value increased by 3%, mainly because Bitcoin reached $100,000 again. Other altcoins like XRP are doing well too with XRP rising 13% to go over $3, its highest since January 2018. But Litecoin stands out, leading the altcoins with its big gains.
Elsewhere in the Crypto Market: Litecoin Price Surge
Litecoin Price Surge: Litecoin’s impressive 17% surge is part of a broader positive trend in the cryptocurrency market. As of Thursday morning, the overall crypto market capitalization was up 3%, driven largely by Bitcoin’s rally. Bitcoin (BTC) reclaimed the $100,000 price level again, hitting $100,700 in early Asian trading. This price surge marked a return to resistance at $102,000, which was last seen on January 7.
Other cryptocurrencies also did well. XRP made headlines with a 13% rally, pushing its price above $3 for the first time since January 2018. It reached a high of $3.18 on January 16 after a 27% rise over the past week. Solana (SOL), Stellar Lumens (XLM), and Chainlink (LINK) were also strong, but Litecoin led the group with the biggest percentage gain.
Litecoin Price Surge: In conclusion, Litecoin (LTC) has risen by 17%, thanks to large investors and hopes for a spot Litecoin ETF approval. Big investors buying LTC and expectations of better regulation after Gary Gensler left the SEC have boosted confidence. While Litecoin’s price is still lower than its all-time high, this surge shows it’s becoming a popular alternative to Bitcoin. This price movement also shows positive trends in the cryptocurrency market, with major coins like Bitcoin and XRP seeing gains.
Also Read: XRP Price Surge: 10% Gain Steals Bitcoin’s Thunder
