News 
February 20, 2025 
4 min. 
Litecoin price is set for a significant rally as the U.S. Securities and Exchange Commission (SEC) acknowledges CoinShares’ filing for a spot Litecoin exchange-traded fund (ETF). Bloomberg analysts had previously estimated a 90% chance of approval for the ETF in 2025 due to Litecoin’s favorable regulatory standing with the SEC.
On Wednesday, Litecoin reached a monthly high of $139 before pulling back to $130.89 at press time. Despite the slight dip, LTC still recorded a 6.8% gain over the past week.
SEC Moves Closer to Litecoin ETF Approval
The SEC has recently accepted a filing from the Nasdaq stock exchange which is in a bid to list shares of a Litecoin ETF from CoinShares. The agency is currently taking in public comments concerning the proposed amendments set out within Nasdaq’s 19b-4 filing.
This development brings Litecoin’s ETF approval one step closer which in turn raises investor hopes. Bloomberg ETF experts James Seyffart and Eric Balchunas pointed out how Litecoin is set to be the second altcoin ETF out in the market considering its non-security status.
- OKX vs Binance? Find out which is the best exchange to buy Ethereum.
If approved, the ETF would allow institutional investors to invest in Litecoin indirectly. Such approach would increase adoption by Wall Street firms, like Bitcoin and Ethereum. Analysts say that this approval could simultaneously result in a 40x price rally setting LTC at a staggering $5,000.
At the same time, however, this possible hype is already being anticipated by large investors who have cumulatively bought around $512 million worth of LTC in just two weeks.
LTC Eyes $5,000 as Technical Patterns Signal Bull Run
According to Crypto Surf, a crypto analyst, Litecoin might be about to experience a great bullish trend due to a six month symmetrical triangle formation. This Litecoin pattern has recently crossed the resistance at the upper trendline which indicates bullish continuation will follow. The symmetrical triangle formation suggests that the price was undergoing consolidation and is now ready for a breakout.
If the aforementioned scenario plays out, LTC can go as high as 40x of its current price to $5000. If LTC market cap does reach this level, the cap would be around 377 billion considering the current LTC circulation stands at 75.54 million LTC.
The LTC ETF is the driving force behind the anticipated upward surge, though, it’s effectiveness will be determined by how much market demand there is. Since the Ethereum ETFs launch, inflows have been setteling at a lower level. In order for Litecoin to succeed in reaching the target price, it will have to capture the interests of institutions investors which will outperform the current crypto ETFs.
LTC might be preparing for one of its biggest price surges based on the growing support of the ETF and bullish technical formations suggesting a breakout would take place.
