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By CD Analytics, Francisco Rodrigues|Edited by Aoyon Ashraf
Jun 16, 2025, 5:22 p.m.
- Litecoin (LTC) rallied over 2% on Monday, gaining ground from $85.05 to $88, as investors eye a possible spot exchange-traded fund (ETF) approval.
- The odds of a spot ETF approval are now estimated to be 90% by Bloomberg ETF analysts, and traders on Polymarket are weighing a 76% chance.
- Litecoin’s price action shows a clear bullish reversal, with a pattern of higher lows and higher highs.
Litecoin
rallied more than 2% on Monday, gaining ground as investors eye a possible spot exchange-traded fund (ETF) approval and navigate a shaky geopolitical backdrop.
LTC rose from $85.05 to $88 in a 24-hour period, an uptrend marked by higher lows and heavy volume. The rise coincides with growing expectations that the U.S. Securities and Exchange Commission (SEC) could greenlight a spot ETF giving investors exposure to LTC.
STORY CONTINUES BELOW
According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the odds of such an approval now stand at 90%, while traders on Polymarket are weighing a 76% chance.
Meanwhile, whales, wallets holding large sums, have increased their LTC holdings from 25.8 million to 27.8 million tokens since mid-April, according to blockchain data firm Santiment.
Litecoin’s price action over the past 24 hours shows a potential bullish reversal, according to CoinDesk Research’s technical analysis data model.
Its rise was marked by a pattern of higher lows and higher highs, often associated with growing demand, while significant trading activity accompanied each leg up. Spikes in volume, well above daily averages, suggest steady institutional interest rather than sporadic retail enthusiasm.
Support emerged near the $86.50 range, where buyers stepped in repeatedly, and resistance near $87.80 was eventually broken following a concentrated surge in trades, according to the model.
Three distinct buying waves pushed LTC past resistance levels. During one burst alone, nearly 28,000 tokens changed hands, helping turn previous resistance into a new support floor just above $88.
Selling pressure tapered off following the move.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk’s $1,000 disclosure threshold.
