Litecoin (LTC) has experienced a significant price increase, surging 16% over the past 30 days and 13% in the last 24 hours to reach $132. This rise is attributed to growing investor confidence and increased institutional demand, with institutional wallets boosting their LTC holdings by 15% in October. Trading volume also saw a substantial increase, climbing 187% to $2.22 billion. The market's optimism is fueled by the potential approval of a spot Litecoin ETF, following Canary Capital's updated S-1 filing. The filing includes a 0.95% sponsor fee and the ticker symbol 'LTCC'. Analysts are optimistic about Litecoin's future, suggesting it could reach $220 if Ethereum surpasses $5,200.