Litecoin Price Prediction: Is LTC Leading the ETF Race—Analyst Signals Potential Price Surge

Litecoin (LTC) is firmly emerging as a frontrunner in the race for a spot exchange-traded fund (ETF), with Bloomberg ETF analyst Eric Balchunas using a baseball analogy to offer his price prediction.

To put it simply, Balchunas believes, all the altcoins “are rounding 1st base, except for Litecoin which is headed to 3rd.” For investors, this statement suggests that Litecoin is significantly ahead in the regulatory process, potentially paving the way for a price surge compared to other altcoins like XRP, Dogecoin, and Solana.

Analyst Downplays Immediate ETF Approval – Senate Confirmation Key

Balchunas did clarify, in another post on X (formerly Twitter), that no crypto ETFs will begin active trading until the newly appointed SEC Chair, Paul Atkins, is confirmed by the US Senate and settles into his role. This suggests any immediate price prediction based solely on ETF news may be premature.

Adding a note of caution, he stated, “I don’t think all coin ETFs are super high on his priority list. And that’s why we don’t say we’re 100% confident on any of this just yet.“

Balchunas further explained that Litecoin is ahead of its competitors because it was “Gensler friendly.” In essence, this “friendliness” could be a major factor in any positive Litecoin price prediction. To note, ETF issuers had to wait until former SEC Chair Gary Gensler was completely out of office to file for exchange-traded funds focused on other altcoins.

Another Bloomberg analyst, James Seyffart, also offered deeper analysis on why Litecoin is ahead, citing increased SEC engagement with LTC filings since early January. This regulatory dialogue set Litecoin apart, possibly accelerating its path to ETF approval and influencing positive price predictions. This proactive engagement strengthens the case for a bullish Litecoin price prediction

Litecoin Price – Technical Indicators Align with Bullish Predictions

Examining Litecoin’s current market position, Litecoin is trading at $126.85, up nearly 4% in the past 24 hours.

Related: XRP ETF Approval: SEC Odds a Coin Toss, Say Analysts – Litecoin & Doge Have Better Shot?

The price action is showing bullish momentum, with LTC currently trading above its 20-day exponential moving average (EMA) of $115.5. Technically speaking, this upward movement lends further credence to bullish Litecoin price predictions.

RSI and MACD Support a Bullish Price

Currently, the Relative Strength Index (RSI) stands at 60.65, indicating that LTC is approaching overbought territory but still has room to move higher before hitting extreme levels.

Taking a closer look, the RSI gradient suggests an attempt to break possible resistance levels at $130, $140, and $150. Should these levels break, Litecoin price predictions could become even more optimistic. Nearest support levels remain the 20-day EMA and $120.

Related: Litecoin ETF Could Beat XRP in ETF Race, Despite Multiple SEC Filings

The Moving Average Convergence Divergence (MACD) indicator further reinforces this bullish sentiment. The MACD line (blue) is above the signal line (orange), with positive histogram bars forming, clearly reinforcing increasing bullish momentum.

Both analyst predictions and technical indicators suggest a potentially bullish future for Litecoin price, contingent on ETF developments and market momentum.