Litecoin (LTC) Surges 11.7% to $124.92: Market Cap Overtakes SHIB as ETF Approval Odds Rise

As of February 11th, Litecoin (LTC) has demonstrated a strong performance, currently trading at $124.92. According to data from CoinGecko, the cryptocurrency has seen a remarkable increase of 11.7% over the past 24 hours and an impressive 18.6% gain in the last week. With its market capitalization reaching approximately $9.397 billion, Litecoin has outpaced Shiba Inu (SHIB), which stands at $9.354 billion, positioning LTC at the 19th rank in market cap within the cryptocurrency market. Additionally, insights from Bloomberg’s Senior ETF Analyst, Eric Balchunas, highlight positive projections for the approval of a spot cryptocurrency ETF by 2025, with Litecoin and Dogecoin (DOGE) leading the approval odds at 90% and 75%, respectively.