Litecoin (LTC) fell to as low as $51 in October, but has since recovered to over $100. Recent updates on the potential launch of the LTC ETF and improvements in on-chain metrics suggest a positive near-term outlook.
However, trader sentiment remains cautious. The analysis below breaks down the details behind this hesitation.
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Analysts see a bullish 2026 for Litecoin powered by LTC ETF
Bloomberg’s ETF specialists recently revealed that several spot ETFs, including the Litecoin ETF by Canary Funds, have been approved and are scheduled to begin trading on the Nasdaq tomorrow.
Journalist Eleanor Tellet explained that due to a special regulatory mechanism, these ETFs will be automatically approved 20 days after their S-1 filing, even during a government shutdown.
Despite the ETF headlines, LTC’s price has remained relatively stable, fluctuating between $98 and $105. This subdued reaction likely reflects market caution as traders await concrete evidence of the ETF’s real impact.
News related to other ETFs, such as Solana, has also failed to push prices higher, indicating investors remain in wait-and-see mode. However, Polymarket forecasts a 99% chance of approval for the ETF by the end of 2025, which could be a bullish catalyst for LTC.
Master, a prominent LTC proponent, believes that Litecoin could soon enter a strong uptrend.
He noted that a long-term symmetrical triangle pattern may be on the verge of a breakout, forming a strong annual bullish candlestick after years of price consolidation.
On-chain data paints a positive fundamental picture
Although Master’s expectations seem ambitious, the fundamentals support continued LTC appreciation.
The average transaction value on the Litecoin network recently exceeded $80,000, the highest level in three years. This indicates an increase in large-scale remittances and an increase in on-chain activity.
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At the same time, Litecoin’s hashrate hit an all-time high (ATH) of approximately 3.34 PH/s. A higher hashrate not only strengthens the network’s security, but also indicates increased miner participation and helps the network resist potential attacks.
Another important development is the expansion of Mimblewimble Expanded Block (MWEB) on the Litecoin network.
This upgrade enables confidential transactions and increases user privacy without increasing fees or slowing down processing. According to the latest data from MWEB Explorer, the total MWEB balance has reached 260,000 LTC.
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“Litecoin’s privacy is expanding step by step. It has reached the 260,000 level. It’s even higher,” said Litecoin of the X account.
This number continues to grow, especially with the growing global interest in privacy-focused coins.
Analysts believe these factors could cause a Zcash (ZEC)-like rise in Litecoin. Some investors have even said that Litecoin could become the first “privacy ETF” coin.
Litecoin was once called “the silver to Bitcoin’s gold,” but it has lost much of its luster over time. The current intersection of two powerful narratives – ETF approval and privacy technology – could mark a decisive tipping point for cryptocurrencies.
