{"id":6723,"date":"2025-08-04T17:35:00","date_gmt":"2025-08-04T17:35:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/litecoin-price-three-year-consolidation-could-end-as-ltc-etf-odds-jump\/"},"modified":"2025-08-04T17:35:10","modified_gmt":"2025-08-04T17:35:10","slug":"litecoin-price-three-year-consolidation-could-end-as-ltc-etf-odds-jump","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/litecoin-price-three-year-consolidation-could-end-as-ltc-etf-odds-jump\/","title":{"rendered":"Litecoin price three-year consolidation could end as LTC ETF odds jump"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Litecoin price jumped by over 7% on Monday, August 4, and was hovering near its highest level since March this year.\u00a0<\/p>\n<div id=\"cn-block-summary-block_b47b44c71bb2dcd3b5101ecda37bc89d\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Litecoin price is about to end its three-year consolidation.<\/li>\n<li>LTC ETF approval odds as jumped to over 80%.<\/li>\n<li>Technicals point to more LTC gains in the near term.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Litecoin (LTC) jumped to a high of $120, up by nearly 90% from its lowest level this year. Its daily volume surged to nearly $900 million, while its market cap soared to $9 billion.<\/p>\n<h2 class=\"wp-block-heading\">LTC ETF approval odds jump to 80%<\/h2>\n<p>Litecoin price rose on Monday as investors remained optimistic that the Securities and Exchange Commission will approve LTC funds by Grayscale, CoinShares, and Canary Capital.\u00a0<\/p>\n<p>Polymarket <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/polymarket.com\/event\/litecoin-etf-approved-in-2025?tid=1754320181522\" target=\"_blank\">data<\/a> shows that the odds of the agency approving these funds have risen to 80%. The SEC has set deadlines of October 2 for Canary\u2019s ETF application, and October 10 and 23 for the Grayscale and CoinShares funds, respectively.<\/p>\n<p>Expectations are based on the agency\u2019s prior approval of spot Bitcoin (BTC) ETFs, which have attracted over $55 billion in inflows. Litecoin is similar to Bitcoin in that it is a proof-of-work coin with a supply cap of 84 million. Bitcoin has a cap of 21 million coins.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Litecoin is also highly decentralized and liquid, with daily trading volume rising to over $1 billion on some days.<\/p>\n<p>There are also signs that an LTC ETF would attract institutional capital. For example, the Grayscale Litecoin Trust, which charges an annual fee of 2.50%, has already <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.grayscale.com\/funds\/grayscale-litecoin-trust\" target=\"_blank\">attracted<\/a> over $246 million in assets.\u00a0<\/p>\n<p>Recent data shows that demand for altcoin ETFs is still vibrant. Ethereum (ETH) have had a cumulative inflow of over $10 billion, while popular XRP and Solana funds like XXRP, UXRP, and SSK have had millions of dollars in inflows.<\/p>\n<h2 class=\"wp-block-heading\">Litecoin price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14402602\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">LTC price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily timeframe shows that LTC has been in a three-year consolidation phase. It has remained within the resistance level at $140 and the support level at $41 since June 2022.<\/p>\n<p>This prolonged consolidation mirrors that of XRP, which remained inside a narrow range for years before its recent breakout.<\/p>\n<p>Litecoin price has moved above the 50-week and 100-week moving averages. It is also nearing the 23.6% Fibonacci retracement level at $130, while the Relative Strength Index has jumped above the neutral point at 50.<\/p>\n<p>Therefore, the token could continue rising as bulls target the upper side of the channel. A break above that resistance would point to further gains to $227.80, up by 92% from the current level. A drop below the support at $93 would invalidate the bullish forecast.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price jumped by over 7% on Monday, August 4, and was hovering near its highest level since March this year.\u00a0 Summary Litecoin price is about to end its three-year&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6723"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6723\/revisions"}],"predecessor-version":[{"id":6725,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6723\/revisions\/6725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/6724"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}