Litecoin Price Potential parabolic rally
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Litecoin priceCoinGape
•Business
Business & Economics
Analyst Forecasts Litecoin Price Target of $5,000 This Cycle As SEC Acknowledges LTC ETF
65% Informative
On Wednesday , the SEC acknowledged a filing by the Nasdaq stock exchange to trade shares of a Litecoin ETF that would be offered by CoinShares .
On February 20, 2025 , Litecoin ’s OI surged to $869M as the price hit a monthly high of $ 139 before retreating to trade at $ 130.89 at press time.
A massive Litecoin bull rally could be underway, leading to a major breakout past $ 5,000 .
This is according to analyst Crypto Surf , who noted that Litecoin price has formed a symmetrical triangle pattern on the six-month chart.
Whales seem to be positioning themselves for this eventuality after accumulating $512M LTC .
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