LTC Rallies Past Key Resistance as Whale Wallets Expand Holdings

Litecoin Jumps 2% on ETF Optimism and Whale Accumulation Surge

Litecoin (LTC) rallied over 2% Monday, buoyed by increasing anticipation around a potential spot ETF approval and steady accumulation by large holders, signaling renewed confidence in the asset.

The token rose from $85.05 to $88 within 24 hours, forming a bullish uptrend backed by strong volume. The move comes as optimism grows that the U.S. SEC may soon approve a spot Litecoin ETF, a development that could unlock broader investor access to the cryptocurrency.

Bloomberg analysts Eric Balchunas and James Seyffart now estimate the odds of approval at 90%, while decentralized prediction platform Polymarket is pricing in a 76% chance.

In parallel, on-chain data from Santiment shows that whale wallets—those holding large quantities of LTC—have accumulated nearly 2 million more tokens since mid-April, lifting their total stash from 25.8 million to 27.8 million.

Technical Snapshot

LTC formed an ascending pattern of higher lows and higher highs, typically indicative of bullish continuation.
Support was clearly established at $86.50, while resistance at $87.80 was broken with a sharp rise in trading activity.
A key breakout saw nearly 28,000 LTC traded in a short span, converting resistance into solid support around $88.
Trading volume remained well above average, pointing to potential institutional interest.

As geopolitical uncertainty lingers, Litecoin’s strength suggests it may be increasingly viewed as a resilient alternative in the digital asset landscape—especially with the ETF narrative gaining traction.