The Litecoin (LTC) market made a notable comeback during the final few months of 2024. Unlike its counterparts, the altcoin managed to continue its uptrend into 2025 as well. A plethora of firms have been exploring LTC exchange-traded funds (ETF), therefore filing applications for the same with the Securities and Exchange Commission (SEC). More recently, Hashdex joined the wagon and filed to add LTC to its crypto ETF list. Can Litecoin get a push in its price as its demand rises?
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How High Did Litecoin Surge In The Past 24 Hours?
Hashdex’s latest news did bring about a change in the LTC market. The asset was trading at a low of $87.34 just earlier today. But it managed to rise all the way to a high of $90.91. Throughout the past 24 hours, LTC has recorded a price surge of 1.64%. Following this, the altcoin was trading at around $90.51, at the time of writing.
It should be noted that Hashdex only filed an amendment with the SEC. Through this, the firm modified its Nasdaq Crypto Index US ETF to include LTC. The ETF will now contain nine cryptocurrencies as a result of the modification, rising above Bitcoin and Ethereum to add Solana (SOL), XRP, Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin, and Uniswap (UNI).
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Price Prediction: Bullish Times Ahead?
Litecoin will fail to carry forward its current trend into the coming week. According to data from CoinCodex, LTC will trade at a low of $86.03 on March 25. While the asset has successfully surged to $90 at the moment, next week could be filled with losses. It looks like investors will have to wait for a while before the cryptocurrency reaches the coveted $100 mark.
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