Legacy altcoin leads weekly gains amid quiet market rotation
Litecoin (LTC) surged over 11% in the past 24 hours, crossing $123 as ETF optimism and rising merchant activity fuel investor interest. The move comes despite the SEC delaying a decision on Grayscale’s Litecoin Trust ETF application until October.
LTC is now the top weekly performer among the top 100 cryptocurrencies, outperforming peers amid a subdued broader market.
ETF Approval Odds Rise
Bloomberg analysts now estimate a 90% chance of spot Litecoin ETF approval, citing LTC’s “commodity-like classification” and structural similarities with Bitcoin.
“Litecoin’s regulatory clarity gives it an edge,” noted one analyst, pointing to its longstanding listing on regulated futures markets and minimal securities-related controversy.
While the SEC has pushed back the timeline for a decision, growing momentum around spot ETFs—especially after Ethereum’s approval—has bolstered trader sentiment.
Merchant Activity Signals Growing Adoption
Alongside ETF excitement, merchant adoption is quietly expanding, with LTC seeing rising transaction volumes among e-commerce and payment platforms.
The Litecoin Foundation recently reported a 25% month-over-month increase in retail payment volume via LTC. This coincides with increased integration into crypto payment processors.
The coin’s low fees, fast transaction times, and ten-year network uptime are also helping it regain favor during a period of “quiet rotation” from high-risk altcoins to “OG” assets like Litecoin and Bitcoin Cash.
Broader Market Remains Mixed
Litecoin’s strong rally comes as other major altcoins show muted activity, suggesting a sectoral rotation into more regulation-friendly and liquid assets.
Final thoughts
With ETF speculation heating up, strong merchant usage, and a favorable regulatory profile, Litecoin appears to be entering a bullish phase. Traders are now eyeing the $135–$145 range as the next target zone, depending on continued market sentiment and SEC developments.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.