Litecoin Price Prediction: LTC Surges 15% as Grayscale Pushes for a Spot ETF

Litecoin (LTC) surged 24% in 24 hours due to increased network activity, a technical breakout, and a short squeeze. The rally was driven by high on-chain volume, a golden cross technical signal, and significant derivatives activity. ETF and halving narratives also supported the move, with Litecoin outperforming a flat crypto market.

Fidelity now allows investors to add bitcoin, ether, and litecoin to traditional, Roth, or rollover IRAs through its new Fidelity Crypto IRA. The service is supported by Fidelity Digital Assets, which handles custody and trading. Investors should consider market risks, tax rules, and fees before using the service, according to Fidelity.

Bitcoin Suisse plans to cut 60 jobs in Switzerland, shifting roles to international hubs. FIU-IND issued notices to 15 crypto providers for PMLA non-compliance. A Singaporean pleaded guilty to a $245M crypto theft. Blockstream's Liquid Network lost $340M in bitcoin, with $47M still missing. Bitcoin neared $80,000, its strongest weekly gain in over three years. Rohan Jadhav was arrested for a $1M crypto fraud.

SwissBorg added Litecoin (LTC) and Zcash (ZEC) to its platform in Europe, driven by customer demand. Zcash's listing is notable due to an upcoming 2027 EU ban on privacy coins. SwissBorg complies with regulations by using transparent addresses. Zcash's price surged 45% recently, while Litecoin's stability supported its inclusion.

Binance will delist seven spot trading pairs, including LTCBNB and SUIBNB, on August 21. The exchange periodically reviews pairs to maintain market quality, according to Binance. Affected tokens remain tradable in other pairs. Additionally, Binance will delist certain margin trading pairs and perform maintenance on BNB Smart Chain.

Swiss cantonal bank BancaStato launched regulated crypto trading in its Avaloq-powered digital banking apps via Sygnum’s trading and custody services, according to a company announcement. Customers can buy, sell and hold BTC, ETH, LTC and SOL through web and mobile banking. Sygnum says it provides licensing and infrastructure while banks handle regulatory arrangements.