Core Insights - Litecoin price closed October at $99, gaining 3% as the U.S. welcomed its first Litecoin ETF, the LTCC fund, which began trading on October 28 [1] - The cumulative total net inflow for LTCC reached $719,970, with a total traded value of $802,260 and total net assets of $1.64 million as of October 31 [1] - Litecoin's ETF performance is lagging compared to Solana and Hedera, with Solana's fund amassing $199 million in inflows and $502 million in net assets, while Hedera's ETF recorded $44 million in inflows and $45.93 million in assets [2] Market Dynamics - Litecoin's correlation to Bitcoin appears to limit demand for the LTC ETF, with Bitcoin ETFs experiencing net outflows of $191 million on Friday, contributing to total withdrawals exceeding $1 billion in the last three days of trading [2] - Stake.com, a major crypto gaming platform, accounts for nearly 16% of daily Litecoin on-chain transactions, indicating continued demand in online payment ecosystems [3] - Litecoin records an average of 200,000 daily on-chain transactions, boosted by Stake.com payments integration [4] Transaction Efficiency - The median Litecoin transaction fee remains below $0.0005, positioning LTC as one of the cheapest and fastest networks for high-volume microtransactions [5] - This real-world usage aligns with the trend of altcoins regaining ground in payment utility markets, particularly in regions adopting low-fee payment rails [5] Price Analysis - Litecoin's recent rally toward $99.00 reflects improving sentiment after weeks of turbulence, with LTC/USD trading just below the upper Bollinger Band at $101.28 [6] - The Parabolic SAR indicates lingering bearish sentiment at $109.97, while the Relative Strength Index (RSI) is trending upwards to 49.5, suggesting a potential shift in market momentum [7] - The MACD line has crossed above the signal line, indicating a potential bullish reversal, with LTC price poised to reclaim the $100 psychological mark [7]