Litecoin Surges on Spot ETF Hopes and Whale Accumulation

Litecoin (LTC) climbed over 2% to $87.67 on Monday, gaining momentum amid growing optimism around a potential U.S. spot exchange-traded fund (ETF) approval and increasing institutional interest. The cryptocurrency advanced from $85.05 to $88 within 24 hours, forming a bullish trend supported by heavy trading volume and higher lows.

Market speculation is rising that the U.S. Securities and Exchange Commission (SEC) may soon approve a spot LTC ETF. Bloomberg ETF analysts Eric Balchunas and James Seyffart place the likelihood at 90%, while traders on Polymarket estimate a 76% chance. This ETF anticipation has sparked renewed interest among large holders.

Blockchain analytics firm Santiment reports that whale wallets—those holding substantial amounts of LTC—have increased their collective holdings from 25.8 million to 27.8 million tokens since mid-April. This accumulation underscores growing confidence in Litecoin’s near-term outlook.

Technical analysis from CoinDesk Research shows Litecoin breaking past key resistance at $87.80 after forming a pattern of higher highs and higher lows. Support established near $86.50 repeatedly attracted buyers, and once LTC crossed the resistance zone, it saw strong follow-through. During one key trading burst, nearly 28,000 tokens exchanged hands, pushing LTC above $88 and turning previous resistance into support.

The surge in volume, significantly above daily averages, suggests institutional accumulation rather than short-term retail activity. Selling pressure also eased after the breakout, pointing to sustained bullish sentiment.

As ETF approval odds rise and whale activity increases, Litecoin could maintain upward momentum in the days ahead, positioning itself as a strong contender among large-cap cryptocurrencies. Investors are watching closely as technicals and sentiment continue to align.