Litecoin (LTC), long considered digital silver, has risen 24% in the last 19,7 hours to $126.
This jump has sharply increased the market capitalization Litecoin from $7,64 billion to $9,5 billion, adding $1 billion in just one day and securing it the 23rd position in the cryptocurrency ranking by market capitalization (data from CoinGecko).
At the heart of the recent rally Litecoin There is growing speculation about possible approval ETF on the base Litecoin Canary Capital's S-1 filing, recently amended and filed with the SEC, reflects the interaction, raising hopes for a clean bill of health.
Trump's upcoming inauguration has also heightened discussions about creating a more supportive regulatory environment, particularly for ETF , focused on altcoins. Litecoin , along with XRP and the ADA, is positioned as a key beneficiary of this changing regulatory landscape.
Institutional interest has also played a key role in the recent rally. Litecoin . Grayscale Litecoin Trust (LTC) raised $2,3 million through a private placement of 242 new shares on January 900, 9.
At the same time, network analytics from Santiment revealed a significant accumulation Litecoin whales and sharks, which have purchased a total of 9 LTC since January 250.
From a technical perspective, LTC's short-term trend remains volatile, with analyst Javon Marks seeing signs of significant strength emerging:
Litecoin is rising again with signs of UNDERLYING STRENGTH and could be poised to extend towards its first target at $354,36! The 207%+ rally could be just the beginning.
