ETF Buzz and Whale Activity Fuel Litecoin’s Climb Past $88
Litecoin (LTC) is making headlines again as its price surged over 2% in the past 24 hours, driven by a spike in whale accumulation and renewed chatter about a spot Litecoin ETF hitting U.S. markets soon.
The token climbed from $85.05 to a session high of $88.00, gaining traction amid geopolitical uncertainty. Market optimism grew after Bloomberg’s ETF specialists Eric Balchunas and James Seyffart placed a 90% likelihood on an SEC approval for a spot LTC ETF — a sentiment echoed by Polymarket’s 76% approval odds.
Blockchain data from Santiment shows whales have added nearly 2 million LTC to their holdings since mid-April, lifting the total to 27.8 million coins. This accumulation appears to be reinforcing price strength and dampening sell pressure.
Chart Signals:
- Higher lows across multiple hourly candles show growing buyer conviction.
- LTC broke through $87.80 resistance with strong volume — nearly 28K tokens traded during the breakout.
- The new support zone is forming just above $88, confirming bullish structure.
Litecoin’s move comes as traders increasingly view it as a likely ETF contender and hedge asset during periods of macro instability.
