Litecoin Price Up 7% Ahead of ETF Ruling: Did Whales Know Something Early?

The timing is notable. Feb. 8 was nine days before T. Rowe Price filed the ETF paperwork. The filing happened on Feb. 17. It listed Litecoin among approximately 15 eligible digital assets.

The fund includes Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, and others. T. Rowe Price manages $1.8 trillion in assets. Their involvement adds institutional credibility.

Whales possibly anticipated this news. Or they saw technical setups suggesting a move was coming. Either way, they positioned themselves before the public knew about the ETF filing. That gave them an edge. From their Feb. 8 entry, around $50 to $51, Litecoin rallied to current levels near $57. Thats roughly 12% to 14% profit in less than three weeks.

Active Addresses Growing as Litecoin Price Stays Spot-Driven

Network activity shows healthy growth. Active addresses on Litecoin jumped approximately 6.5% in just three days. This indicates organic participation. Users are transacting. The network is active. Its not just whales moving tokens around or leverage traders gambling in futures markets.

Open interest in Litecoin futures stayed relatively cool. Despite the price rally, open interest hasnt reached the elevated levels seen in early February. That suggests the move is spot-driven. Real buyers purchasing actual tokens rather than traders opening leveraged long positions.

Critical resistance sits at $58.98. Litecoin price needs to break above that level to confirm a bullish structure, just 4% away from current prices. Breaking through opens targets at $70. But if support at $49 fails, weakness returns. The rally could reverse back to $45 or lower.

Whales who bought on Feb. 8 are already profitable. Whether they hold for more upside or exit depends on what the SEC decides today.