Litecoin Surges Past $88 as ETF Hopes and Whale Accumulation Spark Bullish Momentum

Litecoin gains over 2% amid rising ETF approval odds and growing whale holdings, with strong volume pushing price above key resistance and establishing new support.

Litecoin (LTC) is gaining bullish traction, climbing more than 2% on Monday as traders respond to rising optimism over a potential spot ETF approval and a notable uptick in whale accumulation. The token surged from $85.05 to $88 in just 24 hours, forming a steady pattern of higher lows and pushing through key resistance levels with high-volume confirmation.

According to analysts from Bloomberg, the chances of a U.S. Securities and Exchange Commission (SEC) approval for a Litecoin exchange-traded fund now stand at 90%. Meanwhile, Polymarket traders are pricing in a 76% probability. This surge in sentiment has provided a clear catalyst for LTC’s recent gains.

Contributing to the rally is a shift in whale behavior. Blockchain analytics firm Santiment reports that wallets holding large amounts of LTC have increased their combined holdings from 25.8 million to 27.8 million tokens since mid-April. This 2 million LTC rise in accumulation adds weight to the argument that institutional interest is building.

Technically, LTC’s movement appears to be forming a textbook bullish reversal. CoinDesk Research’s technical model points to a sequence of higher highs and higher lows, backed by spikes in trading volume that exceed historical daily averages. Such moves are typically seen during the early phases of a sustained uptrend.

The $86.50 level served as a key support zone, where buyers consistently stepped in. After repeated testing, resistance near $87.80 was finally breached, thanks to a large burst in trading activity. One of the breakout waves alone saw close to 28,000 LTC change hands—transforming what was once resistance into a fresh support level just above $88.

Selling pressure has cooled since the breakout, allowing LTC to consolidate above the new floor. Analysts note that the chart’s structure suggests further upside potential if volume remains steady and macroeconomic sentiment holds.

With the prospect of a spot ETF growing more likely and large holders continuing to accumulate, Litecoin may be entering a new growth phase. Although short-term volatility is always possible, the current data paints a bullish mid-term picture for LTC’s trajectory.

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