Share this article
Litecoin Climbs Over 2% as Whale Holdings Grow and Price Breaks Key Resistance
Growing expectations surrounding the potential launch of a spot litecoin exchange-traded fund have been helping LTC's price.
Jun 16, 2025, 5:22 p.m.
What to know:
- Litecoin (LTC) rallied over 2% on Monday, gaining ground from $85.05 to $88, as investors eye a possible spot exchange-traded fund (ETF) approval.
- The odds of a spot ETF approval are now estimated to be 90% by Bloomberg ETF analysts, and traders on Polymarket are weighing a 76% chance.
- Litecoin's price action shows a clear bullish reversal, with a pattern of higher lows and higher highs.
Litecoin rallied more than 2% on Monday, gaining ground as investors eye a possible spot exchange-traded fund (ETF) approval and navigate a shaky geopolitical backdrop.
LTC rose from $85.05 to $88 in a 24-hour period, an uptrend marked by higher lows and heavy volume. The rise coincides with growing expectations that the U.S. Securities and Exchange Commission (SEC) could greenlight a spot ETF giving investors exposure to LTC.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the odds of such an approval now stand at 90%, while traders on Polymarket are weighing a 76% chance.
Meanwhile, whales, wallets holding large sums, have increased their LTC holdings from 25.8 million to 27.8 million tokens since mid-April, according to blockchain data firm Santiment.
Technical Analysis Overview
Litecoin’s price action over the past 24 hours shows a potential bullish reversal, according to CoinDesk Research's technical analysis data model.
Its rise was marked by a pattern of higher lows and higher highs, often associated with growing demand, while significant trading activity accompanied each leg up. Spikes in volume, well above daily averages, suggest steady institutional interest rather than sporadic retail enthusiasm.
Support emerged near the $86.50 range, where buyers stepped in repeatedly, and resistance near $87.80 was eventually broken following a concentrated surge in trades, according to the model.
Three distinct buying waves pushed LTC past resistance levels. During one burst alone, nearly 28,000 tokens changed hands, helping turn previous resistance into a new support floor just above $88.
Selling pressure tapered off following the move.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
These Three Metrics Show Bitcoin Found Strong Support Near $80,000
Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.
What to know:
- Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
- The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
Top Stories
