The article discusses recent developments in the Litecoin ecosystem, signaling growing retail adoption of the cryptocurrency. It mentions that the number of short-term Litecoin traders has increased by over 12% in the past month, driven by speculation around a potential Litecoin ETF. Onchain data shows a rise in the number of addresses holding LTC tokens. Daily transactions on the Litecoin network have climbed to $9.6 billion after ETF issuers increased their efforts. Litecoin's market cap has also risen by nearly 50% in February, indicating increased investor interest. The article highlights the listing of Canary Capital's Litecoin ETF on the Depository Trust and Clearing Corporation (DTCC) system as a positive indicator, although it does not guarantee SEC approval for the ETF. The excitement surrounding a possible Litecoin ETF approval is compared to the rally triggered by the SEC's approval of a spot Bitcoin ETF last year. The article concludes by noting that while Litecoin's adoption in terms of price movement is minimal at the moment, analysts expect a change if the SEC approves the ETF applications.



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