Litecoin sees a 21% price increase fueled by growing optimism for a U.S. spot ETF approval, with institutional interest and SEC developments driving momentum.

Canary Funds’ litecoin ETF filings were recently amended, potentially indicating that the SEC is engaging with the filing.

As Litecoin decouples from altcoins with a 16.1% market cap surge, whale accumulation and ETF developments signal potential institutional interest in the veteran cryptocurrency.

Litecoin price punched above the $130 mark on Thursday, extending its weekly time frame gains to a remarkable 37.5%. On-chain data trends reveal whales actively accumulating LTC as Bloomberg analysts ramp up speculation on LTC ETF approval.

Litecoin price held steady and crossed the important resistance level at $117.30, its highest swing on January 6. It has soared to its highest swing since December 18, and about 140% from its lowest level in 2024.