Litecoin Shows Bullish Momentum as January Ends
The cryptocurrency Litecoin (LTC) has started 2025 with significant momentum, according to a detailed report by The Coin Republic. As of late January, the number of active addresses holding LTC increased from 7.92 million on December 2 to an impressive 8.13 million by January 28. This growth indicates strong demand and accumulation among investors over the past two months.
A notable portion of this activity comes from large-scale holders or "whales." At the beginning of January, whales held approximately 7.44 million LTC—equivalent to about 9.79% of its total supply—but their holdings surged to nearly 9.86 million LTC (12.95%) by month's end.
Adding further optimism is news surrounding a potential Litecoin ETF approval in the United States, which could significantly impact institutional interest in LTC trading and investment activities. Earlier this month, NASDAQ filed for a Canary Litecoin ETF with the U.S. Securities and Exchange Commission (SEC). While no official approval has been granted yet, reports suggest that progress toward regulatory acceptance is underway.
If approved, analysts predict that such an ETF could drive substantial liquidity into Litecoin markets due to its lower market capitalization compared to Bitcoin or Ethereum ETFs already available today.
LTC's price performance also reflects these developments positively: after dropping as much as 40% last December, it rebounded strongly throughout January thanks largely to accumulating trends mentioned above, alongside miner enthusiasm reaching record-breaking hash rates (hitting peak levels around Sunday at 250 PH/s).
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