Litecoin (LTC) Surges Over 13% in 24 Hours, Seeing Renewed Buzz Following Speculation of a Possible Litecoin Exchange-Traded Fund (ETF) Being Authorized in 2024 by the U.S.

Litecoin (LTC), which has surged over 13% in 24 hours and is currently priced at $129.39, is seeing renewed buzz following speculation of a possible

Litecoin (LTC) price surged over 13% in 24 hours to $129.39 amid renewed speculation of a possible Litecoin exchange-traded fund (ETF) being authorized in 2024 by the U.S.

Bloomberg reported on Friday that a spot Litecoin ETF in 2025 has better chances of getting approved than any other crypto fund, according to analyst data. This positive outlook, shared on social media, has fueled investor optimism, sending Litecoin’s price upward.

Our official alt coin ETF approval odds are out. Litecoin leads w 90% chance, then Doge, followed by Solana and XRP. We are only doing for 33 Act $IBIT-esque filings. But def poss to see futures or Cayman-subsidiary type 40 Act stuff get through as well. https://t.co/JSaNnifjbu

The S-1 and 19b-4 forms, key regulatory documents, have been filed and acknowledged by the U.S. Securities and Exchange Commission (SEC) in advance, analysts noted. Litecoin being considered a commodity rather than a security in the eyes of regulators could additionally ease the way toward approval, as a result of which few, if any, hurdles would exist.

According to new data taken from the market, Litecoin trading volume has skyrocketed with a 91.3% increase, recording in only 2 hours $1.89 billion. It also saw a 13.19% increase in market cap, reaching $9.77 billion, an indication of continued strong demand from investors.

However, the SEC has also demonstrated more slack behavior when it comes to approving crypto ETFs, meaning these developments could definitely point towards Litecoin potentially being among the first approved. If it happens, it can lead to more institutional adoption hence further gains of LTC.

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