Solana News Update: Litecoin ETF Debut Gauges Investor Interest in Altcoins

Litecoin (LTC) could be on the verge of climbing to $135 as it gears up for its highly anticipated spot ETF launch on Nasdaq. Trading at $99.78 on Tuesday,

has jumped 7% over the past week, fueled by excitement around the ETF and increased activity on its blockchain. The ETF, which is scheduled to debut on Tuesday, is seen as a major milestone for Litecoin, giving investors a new way to gain exposure to LTC and boosting both liquidity and institutional trust, according to an .

If approved, this ETF would be the first of its kind for

, joining the expanding roster of regulated crypto investment products beyond and . Eric Balchunas, a Senior ETF Analyst at Bloomberg, confirmed that Nasdaq has listed notices for Bitwise , Canary Litecoin, and Canary ETFs, marking a significant expansion in altcoin investment options, according to FXStreet. Experts believe this new product could drive wider adoption, especially by making it easier for traditional investors who are hesitant to directly hold volatile cryptocurrencies.

On-chain metrics further reinforce the optimistic outlook. Litecoin’s network transaction volume has surged to its highest point since mid-2023, jumping from $127.31 million on October 18 to $157.94 million on Monday, based on Santiment data referenced by FXStreet. Social media engagement has also increased, with more conversations happening on platforms like X and Reddit. These developments point to renewed trader interest, which could drive LTC higher if it breaks through technical barriers.

Still, the initial response to altcoin ETFs has been mixed. The Bitwise Solana Staking ETF (BSOL) saw $56 million in trading volume on its first day—the highest for 2025—but Solana’s price dropped 3.6%, according to a

. Likewise, the Litecoin $LTCC ETF only reached $1 million in volume, with LTC falling 3.3% to $96.93, as reported by . Meanwhile, Hedera’s HBAR ETF experienced modest trading but saw a 4.9% price increase, AMBCrypto noted. This variation highlights that investors are selective, favoring assets with staking rewards or strong fundamentals.

Technical analysis indicates that LTC may challenge important resistance points. The token recently surpassed the $96.30 weekly resistance but was pushed back at the 200-day EMA of $103.13, according to FXStreet. If LTC can close above $104, it may aim for its October 10 peak of $135.99. The Relative Strength Index (RSI) stands at 48, and a bullish MACD crossover last Saturday adds to the positive momentum. On the other hand, dropping below $96.30 could trigger renewed selling pressure.

The overall crypto market remains wary. Solana’s 3.23% dip and HBAR’s 1.04% decline reflect ongoing volatility despite enthusiasm for ETFs, as Benzinga reported. Nevertheless, the successful introduction of ETFs beyond BTC and ETH points to a more mature regulatory environment, with Wall Street showing greater interest in altcoin investments under clearer guidelines, according to AMBCrypto.

For Litecoin, this ETF is more than just a new investment vehicle—it’s a test of whether established cryptocurrencies can regain prominence in a landscape increasingly led by innovative assets like Solana and Ethereum. With both institutional and retail interest rising, the next few weeks will be crucial in determining if LTC can reach its $135 goal.