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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Litecoin Eyes Breakout Amid XRP Spat, Institutions Quietly Accumulate
Litecoin (LTC) slipped from $115 to $112 on Monday, but behind the modest decline, renewed signs of institutional interest are emerging. Data, from Grayscale’s Litecoin Trust to whale accumulation, suggests the legacy altcoin may be quietly positioning for a stronger move ahead.
While social media sentiment around the Litecoin (LTC) remains subdued, institutional players are quietly stepping up exposure, and some market watchers see technical signals pointing to a potential upside squeeze against Bitcoin.
Technical Signals Stir Interest
Market analyst BitsOfWealth highlighted a notable divergence between social sentiment and market behavior for Litecoin (LTC)
While online discussions reveal widespread criticism of the original cryptocurrency, the three-month LTC/BTC chart suggests a potential upside squeeze against Bitcoin, with technical indicators indicating a possible bullish engulfing formation and an approaching RSI cross
At the same time, traditional finance (tradfi) flows are telling a similar story. The Grayscale Litecoin Trust (LTCN) has gained 16% in the past month and 45% over three months, showing renewed investor interest after a more pessimistic start to the year.
“What do they know that you don’t know?” BitsOfWealth asks.
Whale and Institutional Flows
At the same time, on-chain data shows that large investors, particularly wallets holding between 1 million and 10 million LTC, have added approximately 360,000 LTC to their holdings from early June to mid-July, even as smaller investors offloaded about 140,000 LTC
Further reinforcing this trend, Canadian digital infrastructure firm Luxxfolio recently announced plans to raise 100 million CAD to expand its Litecoin holdings.
In addition, the U.S. SEC is currently reviewing multiple applications for a spot Litecoin (LTC) ETF from firms including Canary Capital, Grayscale, and CoinShares, with a decision expected by October 2025. Analysts at Bloomberg say there’s a roughly 90% chance the ETF will be approved this year.
XRP Spat Draws Attention
The spotlight on Litecoin comes as the OG crypto became embroiled in a public spat with rival XRP
Last week, Litecoin’s official X account labeled Ripple “unwanted,” drawing immediate backlash from the broader crypto community and reigniting debates over centralization and governance.
Critics pointed out that XRP’s high market capitalization and top-tier ranking appeared to contradict the dismissive label, highlighting the ongoing rivalries and tribalism within the sector. The episode sparked a range of reactions online, including more critical takes on Litecoin.
Current LTC Price Action
As of Monday morning, Litecoin (LTC) is trading in a tight range, oscillating between $112.24 and $115.31 over the past 24 hours. A bullish breakout above this zone could drive prices toward $124, with potential to reach $132, aligning with broader technical patterns.
On the Flipside
Why This Matters
Litecoin (LTC)could see significant price movement soon, as institutional accumulation and ETF approval plans hint at growing demand.
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People Also Ask:
What is Litecoin? Litecoin (LTC) is a peer-to-peer cryptocurrency created in 2011 by Charlie Lee. It is designed for fast, low-cost transactions and is often called “digital silver” compared to Bitcoin’s “digital gold.”
What is the history of Litecoin? Launched in 2011, Litecoin was a fork of Bitcoin with modifications for faster block generation (2.5 minutes per block) and a higher maximum supply of 84 million coins. It has consistently been among the top cryptocurrencies by market capitalization.
Has Litecoin experienced any hacks, exploits, or outages? Litecoin’s network itself has not suffered major hacks or outages. Like all cryptocurrencies, users can be at risk if exchanges or wallets are compromised, but the core blockchain has remained secure.
Is Litecoin safe? How is it secured? Litecoin is secured through Proof-of-Work mining, cryptographic hashing (Scrypt algorithm), and a decentralized network of nodes that validate transactions, making it highly resistant to attacks.
Has Litecoin been audited? While Litecoin’s code is open-source and publicly reviewed by developers worldwide, it does not undergo formal audits like some regulated financial products. Its transparency and community oversight provide ongoing scrutiny.
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