Litecoin LTC jumps on reported LTC ETF approval: 3 trade signals to watch now

Material Indicators reports that Litecoin (LTC) price is surging amid rumors of potential ETF approval, highlighting how regulatory developments can drive significant cryptocurrency market movements.

Litecoin experienced a notable 5-7% price increase following ETF approval speculation, with trading volumes spiking to over $500 million across major exchanges. The cryptocurrency is showing strong technical indicators, including support at $80 and resistance at $90, while on-chain metrics reveal a 15% increase in transaction count. This development could mark a pivotal moment for Litecoin's adoption in traditional financial markets, similar to Bitcoin and Ethereum ETF launches.

• LTC price climbed 5-7% with trading volumes exceeding $500 million following ETF rumors
• Technical analysis shows bullish flag formation with golden cross signal as 50-day EMA crosses above 200-day EMA
• On-chain metrics demonstrate growing network usage with 15% increase in transactions and 10% rise in active addresses
• Market correlations show broader crypto impact, with Bitcoin gaining 2% parallel to Litecoin's surge