Litecoin Price Nears $100 as Canary’s LTCC ETF Pulls $1.65M in First Week Trading

Bitget

News

Coinspeaker2025/10/31 16:00

By:By Ibrahim Ajibade Editor Kirsten Thijssen

Litecoin price rose to $99 after Canary’s LTCC ETF launched in the U.S., pulling $1.65 million in its first week.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Key Notes

Canary’s LTCC ETF recorded $1.64 million in net assets by October 31.
Litecoin trails Solana and Hedera ETFs in investor inflows.
Stake.com now accounts for roughly 16% of Litecoin’s daily on-chain transactions.

Litecoin price closed October at $99, gaining 3% as the U.S. welcomed its first Litecoin ETF. Canary’s LTCC fund began trading on October 28, joining Solana and Hedera ETFs as the latest cryptocurrency derivatives assets listed for regulated trading in the US .

According to data from SoSoValue , LTCC’s cumulative total net inflow reached $719,970, with $802,260 in total traded value and $1.64 million in total net assets as of October 31.

Litecoin Price Nears $100 as Canary’s LTCC ETF Pulls $1.65M in First Week Trading image 0

Litecoin ETF market performance as of Nov 1, 2025 | Source: Sosovalue

Comparatively, Litecoin’s ETF performance trails behind the newly-launched funds. Solana’s fund amassed $199 million in inflows and $502 million in net assets, while Hedera’s ETF recorded $44 million in inflows and $45.93 million in assets. Litecoin’s correlation to Bitcoin (BTC) appears to have limited demand for LTC ETF this week. Net outflows of $191 million on Friday saw Bitcoin ETFs’ total withdrawals cross $1 billion in the last three days of trading.

Stake Now Accounts for 16% of Litecoin Transactions

Amid laggard ETF adoption, Litecoin continues to attract demand in online payment ecosystems. A report shared by community analyst bogdanoffig on X (formerly Twitter) revealed that Stake.com, a major crypto gaming platform, handles nearly 16% of daily Litecoin on-chain transactions.

Did You Know?

Litecoin accounts for a large percentage of crypto use at . In fact, Litecoin has been the number one crypto used there for at least two consecutive years!

Interestingly, @Stake accounts for about 16% of the daily Litecoin on-chain…

— boglee Ⓜ️🕸 (@bogdanoffig) October 30, 2025

Litecoin’ official X account reposted the statement, which further showed that Litecoin records average daily on-chain transactions around 200,000, boosted by the Stake.com payments integration.

The median Litecoin transaction fee remains below $0.0005, positioning LTC as one of the cheapest and fastest networks for high-volume microtransactions. This real-world usage aligns with the broader trend of altcoins regaining ground in payment utility markets, particularly in regions adopting low-fee payment rails. On Friday, Square, a payments platform affiliated with X founder Jack Dorsey, earmarked $50 rewards for 20,000 users to enable Bitcoin conversations in-app.

Litecoin Price Prediction: Can LTC Sustain Momentum Above $100?

Litecoin’s latest rally toward $99.00 reflects improving sentiment after weeks of turbulence. On the daily chart, LTC/USD trades just below the upper Bollinger Band (at $101.28) while the middle band sits at $95.39, marking this zone as a key short-term support base.

The Parabolic SAR dots above the price at $109.97 indicate a lingering bearish sentiment. The Relative Strength Index (RSI), trending upwards to 49.5, shows sellers ceding control as market momentum approaches neutral territory.

Litecoin Price Nears $100 as Canary’s LTCC ETF Pulls $1.65M in First Week Trading image 1

Litecoin (LTC) price prediction | TradingView

The MACD line has crossed above the signal line (-2.30 vs -3.17), signaling a potential bullish reversal. With the histogram now turning positive, LTC price appears poised for an attempt to reclaim the $100 psychological mark, followed by resistance at $109.97.

Conversely, failure to hold the $95 support level could trigger a mild retracement toward $89.50, aligning with the lower Bollinger Band.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Goldman Sachs analyst Bobby Molavi compared the current situation to the 19th-century British railway mania: 500 companies spent more than the nation's annual income building 8,000 miles of railway, with most early investors losing out, while the real beneficiaries were the later "passengers." He pointed out that the current AI craze is driven by both debt and momentum, and that the S&P 500’s forward P/E ratio of 18x is only "a bit cheaper." Whether the builders can retain value is uncertain, and history does not offer an optimistic answer.

华尔街见闻•2026/11/12 03:56

The AI boom may follow the path of the 19th-century railway bubble, and builders may not be the ultimate winners

If Anthropic's IPO goes smoothly and the stock price rises next week, then everything remains the same for AI. Otherwise, some companies will go bankrupt.

The shrinking valuations of two major giants have triggered a chain reaction—investors are adopting more conservative revenue multiples for AI startups and are directly halting high-valuation financing for companies with zero revenue. Multiple venture capital firms have advised their portfolio companies to lower valuation expectations and to quickly build up cash reserves. Market participants warn that the outcome of Anthropic’s IPO will be a barometer for the industry: if successful, the boom will continue; if it fails, some companies may face elimination.

华尔街见闻•2026/11/12 03:46

After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends

Morgan Stanley still maintains its most optimistic "Overweight" rating, but has lowered its year-end 2027 target price from $31 to $25.

智通财经•2026/11/12 03:42

After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends

Corning (GLW.US) receives initial "Buy" rating from Jefferies! AI factories driving a fiber optic rush, with a potential global supply gap of up to 30%

For Corning, the recent profit growth mainly comes from the expansion of AI clusters. As the number of optical links crossing cabinets and campuses increases, customers need to deploy more optical fibers within limited conduit and cabinet space, thus driving demand for high-density optical cables and connection systems.

智通财经•2026/11/12 02:47