Litecoin (LTC) experienced a surge in price, reaching an intraday high of $114.33 and a market cap of over $8.5 billion. The main driver behind this surge is the growing anticipation of the approval of a spot Litecoin ETF by the U.S. Securities and Exchange Commission (SEC), with traders betting on a launch this year. The SEC may be more open to approving a Litecoin ETF due to its similarities to Bitcoin. The current rally is supported by solid fundamentals such as increasing open interest in LTC futures and a growing number of LTC holders. Technical indicators also suggest a bullish trend for LTC. Analysts predict that LTC could reach $128 in the short term and $200 by the end of February.



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