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The recent upward price movements and growing popularity of Litecoin (LTC) has caught the cryptocurrency market attention. LTC recently broke above $130, leading to speculations that the coin might hit $200 this year. Factors such as Litecoinβs advancement in the ETF review faster than XRP and DOGE and a surge in the demand by whales are among the reasons LTC is exhibiting significant market gains. SEC readiness to advance XRP, LTC, Solana (SOL) ETF applications also contributed to this upward trend.
Moreover, possibilities of a bullish reversal eyeing to hit $100 or even $180 suggests a promising future for the coin. Industry experts have stated that a Solana, XRP, and Litecoin ETF could be approved by 2025, highlighting its potential. High on-chain activity, increasing volume, and surges in the number of whales also suggest a potential price boost, making LTC a strong contender in the crypto world.
However, LTC has also faced criticisms, including being described as the 'most hated coin' in the crypto world. Its crash as retail investors turn to new altcoin projects is also noteworthy. Despite these, LTC seems to be far from reaching its bottom. The coin's strong fundamentals, recent pivot to a meme coin, and the consistent support from its community all hint a bullish future.
LTC Coin News Analytics from Wed, 15 Sep 2021 13:29:50 GMT to Wed, 19 Feb 2025 10:04:00 GMT - Rating 7 - Innovation 4 - Information 9 - Rumor -2