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The US SEC acknowledged the spot ETF filing for CoinShares Litecoin ETF by the NASDAQ Stock Market on behalf of CoinShares, thus igniting bullish sentiment for LTC.
Litecoin's price surged to $135 following the SEC's initiation of its ETF review process, with CoinShares' filing now entering a 21-day public comment period.
Litecoin price is poised for a parabolic rally after the US Securities and Exchange Commission (SEC) acknowledged CoinShares' filing for a spot Litecoin exchange-traded fund (ETF). Bloomberg analysts had earlier placed the odds of an LTC ETF approval in 2025 at 90% because of its positive regulatory standing with the SEC.
Litecoin (LTC) has recently made significant strides, breaking above the crucial $130 mark, which has drawn attention to its price movement in the cryptocurrency market. The coin has demonstrated an impressive surge of approximately 11% in a 24-hour period, maintaining strong bullish momentum above its key support levels.
Litecoin price hit a 40-day peak of $136 on Wednesday, driven by whale demand and positive speculations from ETF applications. Will LTC bulls hold out for a $250 breakout?
Bitcoin remains stuck inside the range, with no clear indication of a price breakout or breakdown.
The SEC has acknowledged filings from CoinShares to list XRP and Litecoin ETFs, according to a Wednesday filing.
The US Securities and Exchange Commission (SEC) moved the Litecoin ETF a step closer, after posting an acknowledgement for a rule change to list the CoinShares investment product on Nasdaq.
Analytics firm IntoTheBlock has identified the cause of Litecoin's prolonged consolidation, which has kept the LTC price ranging between $90 and $130 over the past three months. The post Litecoin's Next Move? Analysts Reveal Why LTC Can't Break Out Yet appeared first on Cryptonews.
The cryptocurrency market is buzzing with excitement as LTC experiences a significant price surge following some positive developments concerning CoinShares' Litecoin ETF. The price of Litecoin has climbed by over 12% today, reaching an intraday high of $139.41 before stabilizing at around $136.22 at press time, according to CoinGecko.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
The U.S. SEC formally recognized Litecoin and XRP ETF filings submitted by CoinShares, adding to a growing list of pending applications based on Ripple's native token.
TL;DR The SEC has acknowledged CoinShares' filings to list XRP and Litecoin ETFs on Nasdaq, a crucial step in cryptocurrency regulation. The SEC will open a 21-day public comment period before deciding on the approval of these ETFs. In the last 24 hours, XRP is up 7.27% and Litecoin is up 10.78%. The U.S.
Litecoin (CRYPTO: LTC) is rallying as the SEC took its first official step toward a potential ETF approval. What Happened: Polymarket data shows an 85% chance of a Litecoin ETF approval in 2025, with odds for an approval before July 31 jumping from 37% to 54% since Feb. 15.
The SEC's review of CoinShares' Litecoin ETF could pave the way for increased institutional investment and regulatory clarity in crypto markets. The post CoinShares Litecoin ETF moves forward as SEC begins formal review appeared first on Crypto Briefing.
Bloomberg ETF analysts estimate that Litecoin funds (90%) have the highest chance of approval, with XRP funds a bit lower at 65%.
Litecoin could soar by 25% to reach $180 if it closes a daily candle above the $140 mark.
Litecoin price is doing well even as Bitcoin and other altcoins retreat. LTC has risen in the last two consecutive days and is hovering at its highest swing since January 18.
The crypto market cap is up by nearly $100 billion since yesterday's low.
Despite the ongoing market turmoil and top altcoins plunging below their important support levels, the Litecoin price has maintained its value above its important support of $125. This highlights a strong bullish dominance for the altcoin this month.
The broader digital currency ecosystem is undergoing an intensive rebound, with Litecoin (LTC) leading the altcoin rebound. At press time, Litecoin's price changed hands for $135.57, up by 10.56% in the past 24 hours, per data from CoinMarketCap.
"$140 is the next resistance target, and above that, we will see a rally towards the $170 resistance target area," one analyst predicted.
Litecoin (LTC) breaks out of a symmetrical triangle, targeting $200 next. With ETF speculation, market resilience, and LTC/BTC bottoming, analysts eye $400-$800 in this cycle.
The U.S. Securities and Exchange Commission's (SEC) recent acknowledgment of XRP ETF filings has created a stir in the crypto community. These filings mark a major milestone for the cryptocurrency, as the application was previously rejected or withdrawn.
