Litecoin (LTC) surged 15% to $130, signaling potential growth linked to ETF approval hopes. Ripple (XRP) exceeded $2.50, with predictions of reaching $3 following ETF application news. Bitcoin (BTC) advanced 1%, slated for potential volatility from the upcoming US CPI data release on February 12.

In recent days, the cryptocurrency market has experienced a notable resurgence, particularly among altcoins. Litecoin (LTC) surged 15%, reaching approximately $130, marking it as the 18th largest cryptocurrency with a market cap exceeding $9.7 billion. Analysts are optimistic about further gains, speculating that approval for a spot Litecoin ETF could fuel this upward trend.

A recent application for a Litecoin ETF by Canary Capital is gaining attention, with Bloomberg’s James Seyffart estimating a 90% likelihood for such products to launch by the end of 2025. LTC’s price action is indicating that the market is anticipating ETF developments, as expressed by crypto influencers on social platforms.

Meanwhile, Ripple’s XRP has also seen significant movement, surpassing $2.50 with a gain of 4.5% in the past 24 hours. Market observers predict its price could climb to $3. The recent submission of ETF applications by Cboe BZX Exchange on behalf of multiple firms adds to the promising outlook for XRP, as a potential approval could enhance investors’ exposure to the asset.

Bitcoin (BTC) has seen a modest rise of 1%, trading around $98,300. The upcoming Consumer Price Index (CPI) data release on February 12 could contribute to price volatility, as it impacts the Federal Reserve’s interest rate decisions. A favorable CPI report may influence positive price movements across the cryptocurrency market, particularly for Bitcoin.

The cryptocurrency market has experienced a significant revival, with Litecoin and Ripple demonstrating strong performance and potential for further growth. Litecoin’s upward trajectory appears linked to impending ETF approvals, while Ripple is gaining momentum as a potential ETF candidate. Bitcoin’s modest gains suggest investor caution ahead of critical economic data that may influence market volatility. As developments unfold, these cryptocurrencies remain in the spotlight for traders and investors alike.

Original Source: cryptopotato.com

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