Litecoin (LTC) is closing in on the $100 price mark, bolstered by the debut of the first U.S. Litecoin ETF and a surge in adoption of its privacy-focused MimbleWimble Extension Blocks (MWEB). Canary Capital's LTCC ETF began trading on October 28, 2025, and within its first week, recorded cumulative net inflows of $719,970, total traded value of $802,260, and total net assets of $1.64 million as of October 31, according to SoSoValue data.
In comparison, other recently launched cryptocurrency ETFs have seen higher inflows, with Solana's fund amassing $199 million and Hedera's ETF recording $44 million in inflows. Meanwhile, Litecoin's MWEB balance hit an all-time high of 280,119 LTC, representing a 70% increase in just 29 days, signaling growing user engagement with private transactions and long-term holding strategies.
On-chain activity remains strong, with Stake.com, a leading crypto gaming platform, processing nearly 16% of daily Litecoin transactions. This contributes to an average of 200,000 daily on-chain transactions, supported by median fees below $0.0005, positioning LTC as a cost-effective option for microtransactions. Despite these positives, Litecoin's price faces mixed sentiment; it traded near $99 in early November, with technical indicators like the RSI at 49.5 and MACD hinting at a potential bullish reversal, though it remains below key moving averages.
Broader market dynamics include significant outflows from Bitcoin ETFs, with $191 million withdrawn on a single Friday, totaling over $1 billion in three days, which may have initially dampened demand for the LTC ETF.
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