Litecoin (LTC) is one of the earliest assets to enter the cryptocurrency market. Despite its timely debut, the altcoin has maintained a low profile. In terms of price, LTC has barely witnessed a major increase. The asset has been around since 2013, but has managed to rise by only 1816.48% since then. LTC even hit an all-time high of $412 about four years ago in 2021. But the cryptocurrency continues to trade 80% below this peak. While the community expected to see 2025 bring in massive gains to the Litecoin market, the altcoin seems to be moving at a slow pace.
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Litecoin Records Massive Downfall of Over 6%
Litecoin failed to retain itself in the top ten. The asset currently trades as the 21st-largest cryptocurrency in the market. At the time of writing, LTC was trading at a low of $82.27. This comes after the asset witnessed a massive drop of 6.86% over the past 24 hours.
This notable dip in LTC’s price follows the news of the delay in the Litecoin exchange-traded fund (ETF). According to recent reports, a decision regarding Canary Capital’s request for a spot Litecoin ETF has been further postponed by the U.S. Securities and Exchange Commission (SEC). Amidst this, experts were seen predicting the possible chance of an approval for LTC by the end of the year.
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Can the Altcoin Make It Past $100 in May 2025?
According to data from CoinCodex, May is expected to be slightly bullish for the altcoin. The firm revealed that Litecoin will trade at a maximum price of $92.69 in the month of May. This follows a 12.32% rise from its current price level. The average trading price of the asset was set at $63.97. The lowest that LTC might dip to is $44.20 during this month.
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