Litecoin aims for $100: Is ARK Invest’s S-1 filing a potential turning point for LTC?

ARK Invest’s filing for a Crypto ETF has brought Litecoin back into focus for institutional investment. The ETF enables investors to gain exposure to Litecoin indirectly, enhancing its institutional appeal.

Following the ETF announcement, Open Interest in Litecoin surged by approximately 317 million USD. If demand continues to grow, Litecoin could see significant price increases, potentially surpassing 100 USD.