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Bloomberg ETF analysts Eric Balchunas and James Seyffart have compiled a list of crypto ETF applications that they believe will have shot at being approved by the U.S. Securities and Exchanges Commission (SEC) this year, and assigned a probability of approval to each filing.
Bloomberg analysts James Seyffart and Eric Balchunas have revealed their predictions for the Solana, XRP, Dogecoin, and Litecoin ETFs. As part of their predictions, they outlined the approval odds for each of these crypto ETFs.
The potential approval of a Litecoin ETF could accelerate mainstream adoption of crypto assets, influencing regulatory frameworks globally. The post DOGE, SOL, XRP ETFs lag behind LTC in approval odds: Bloomberg analysts appeared first on Crypto Briefing.
The analysts estimate that Litecoin ETFs filed by Canary and Grayscale have the highest chance of approval.
Litecoin (LTC) has emerged as one of the biggest, yet silent, winners of the crypto market lately as its price has surged by nearly +60% in the past three months.
Litecoin (LTC) price shot up a staggering 9% in the past day as the cryptocurrency reclaimed the 20-day EMA.
After experiencing a sharp downturn earlier this month amid broader market turbulence, Litecoin (LTC) has rebounded strongly. The cryptocurrency has climbed nearly 10% in a day, trading at $119 at press time, as growing speculation over a potential exchange-traded fund (ETF) drives renewed investor interest.
Litecoin has made a strong comeback. In just one week, its price bounced back, recovering all its recent losses and climbing above $110. This recovery has almost balanced out its performance for the year. With the rate of accumulation still increasing, there's a good chance Litecoin's price could rise even more soon.
TL;DR Large investors have increased their holdings of Litecoin by 103% in the last week, suggesting a strong bullish momentum. Litecoin's Relative Strength Index (RSI) stands at 54.08 and is still rising, indicating growing buying pressure. LTC's Elder-Ray Index has turned positive, with a potential price target of $124 if the bullish trend persists.
While Litecoin leads the market with impressive gains, this is how Bitcoin maintains its stronghold above $97,000.
Litecoin (LTC), one of the most recognized cryptocurrencies, has been making waves in the market recently, experiencing impressive gains. Over the past 24 hours, the altcoin has surged by 5.56%, bringing its market capitalization to a substantial $8.536 billion.
Litecoin (LTC) has regained momentum on the market, skyrocketing more than 20% since the past week. With its price surge, LTC remains a top gainer on a daily and weekly basis among the top 20 cryptocurrencies by market capitalization.
Amid increasing anticipations on XRP exchange-traded funds (ETFs), Nasdaq has taken a bold initiative. In an astounding development, Nasdaq filed 19b-4 forms with the Securities and Exchange Commission (SEC) to introduce CoinShares' XRP ETF and Litecoin ETF.
Aptos (APT) joined Litecoin (LTC) as a top performer, gaining 9% over the weekend.
Litecoin (LTC) saw a significant surge on Monday, jumping 10.51% to trade at $117.28 by 04:21 (09:21 GMT) on the Investing.com Index. This marks its largest one-day percentage gain since January 30, pushing its market cap to $8.80 billion, representing 0.28% of the total crypto market.
"LTC chart is looking really promising," one popular analyst claimed.
Layer-1 coin Litecoin has emerged as the market's top gainer over the past 24 hours, bucking the prevailing downtrend seen in the broader cryptocurrency market.
The potential approval of these ETFs could significantly boost institutional investment in crypto, enhancing market legitimacy and growth. The post Nasdaq files to list and trade CoinShares XRP, Litecoin ETFs appeared first on Crypto Briefing.
The cryptocurrency market is showing signs of stability, with the total market capitalization holding steady at $3.10 trillion. This stability, while modest, signals potential for bullish momentum in the near future.
Pi coin price remains in a bear market after falling by over 50% from its November highs. This retreat is likely because of the ongoing altcoin crash, and the ongoing open network launch jitters.
Litecoin's price surged on Feb. 10, breaking out of its recent consolidation phase, as optimism around the potential approval of a spot LTC ETF this year continues to remain strong.
LTC is the top gainer from the larger-cap alts today.
Litecoin price defied the broader crypto market turbulence on Monday, soaring nearly 7% amid recent advancements. The crypto saw renewed market interest fueled by the odds of an LTC ETF approval gaining weight.
Despite increased bearish price action with Bitcoin price struggling below the $100k mark, the Litecoin price has maintained its bullish momentum by breaking out of its important resistance level in the daily time frame. This suggests an increase in the bullish action for the altcoin.
