The price of Litecoin (LTC) remained stagnant over the weekend, reflecting the performance of Bitcoin, which stayed below $95,000. LTC was trading at $103.03, down 30% from its peak in 2024, in line with the overall decline in the crypto market. The probability of the SEC approving a spot LTC ETF in 2025 has decreased to 42%, down from the year's high of 60%. However, Eric Balchunas, a senior ETF analyst at Bloomberg, believes the SEC will approve a spot LTC ETF due to its connection to Bitcoin. Canary Capital has applied for a spot LTC ETF, and Grayscale may also convert its Litecoin Trust into an ETF. The interest from institutional investors for a spot LTC ETF is uncertain, as shown by the weak demand for spot Bitcoin and Ethereum ETFs. Litecoin's market cap has decreased to $7.7 billion, and it has lost market share in the industry. Traders on Polymarket are more optimistic about the chances of the SEC approving Solana (SOL) and Ripple (XRP) ETFs, as they have larger market caps.



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