2025 has started favorably for Litecoin with increased activity, the rise in addressing balances, and potential ETF approval painting an optimistic picture for the cryptocurrency.
Litecoin Address Activity
From early December to late January, the number of Litecoin addresses with a balance grew from 7.92 million to 8.13 million. This signifies accumulation, particularly among large holders who have significantly increased their positions during this period.
Litecoin ETF Hopes
In January, NASDAQ filed for a Litecoin ETF with the U.S. Securities and Exchange Commission. While there is no final approval yet, the market positively views these steps as an opportunity for institutional investment.
Litecoin Price Dynamics in January 2025
After a significant dip in December, Litecoin shows a steady recovery by the end of January. The price reached $130, indicating a 26% rise since the start of the month. This attracts investors' attention who anticipate further positive developments.
Litecoin shows positive dynamics at the beginning of 2025, driven by increased holders' activity and potential ETF approval. This makes the cryptocurrency interesting for long-term investors.
