Litecoin Pushes Higher on ETF Buzz, Whale Accumulation Strengthens Bull Case

Litecoin (LTC) gained over 2% on Monday as speculation surrounding a potential spot exchange-traded fund (ETF) fueled investor enthusiasm, helping the token defy broader geopolitical concerns.

LTC climbed from $85.05 to a high of $88 in the past 24 hours, forming a bullish pattern of higher lows on rising volume. The momentum follows mounting expectations that the U.S. Securities and Exchange Commission (SEC) may soon approve a spot LTC ETF.

Bloomberg ETF analysts Eric Balchunas and James Seyffart recently placed the probability of approval at 90%, while betting platform Polymarket shows odds hovering around 76%.

On-chain data supports the optimistic outlook. Blockchain analytics firm Santiment reports that whale wallets have expanded their litecoin holdings by 2 million tokens since mid-April, now controlling 27.8 million LTC—up from 25.8 million.

Technical Analysis Snapshot

According to CoinDesk Research’s technical model, Monday’s price action reflects a bullish reversal structure. A consistent sequence of higher lows and highs, paired with sustained trading volume, points to robust market demand—likely driven by institutional positioning.

Support materialized near $86.50, where repeated buy orders were triggered. LTC then pushed through resistance at $87.80 following a sharp increase in trade volume.

One particularly notable surge saw nearly 28,000 LTC traded within minutes, flipping previous resistance into new support just above $88.

Since then, selling pressure has eased, with price consolidation suggesting buyers remain firmly in control.