LTCPrice

$LTC
Litecoin (LTC) has surged to its highest level in four weeks, touching $129.45 before climbing further to $137.34—a remarkable 21.5% gain in just one day, according to CoinGecko data. This significant price movement comes as optimism builds around the possibility of a U.S.-approved spot exchange-traded fund (ETF) for Litecoin, with the Trump administration expected to take a more favorable stance toward crypto regulation.

𝐖𝐡𝐚𝐥𝐞 𝐀𝐜𝐜𝐮𝐦𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐓𝐅 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐃𝐫𝐢𝐯𝐞 𝐭𝐡𝐞 𝐑𝐚𝐥𝐥𝐲🔥🔥🔥

Blockchain analytics platform Santiment reports that Litecoin whales and sharks have been on a buying spree, acquiring approximately 250,000 LTC, valued at nearly $29 million, since January 9. Adding to the bullish sentiment, Canary Capital recently updated its S-1 registration form with the U.S. Securities and Exchange Commission (SEC) on January 15—a critical step toward bringing Litecoin ETFs to the U.S. market.

If approved, Litecoin would join Bitcoin (BTC) and Ethereum (ETH) as one of the few cryptocurrencies to have U.S.-listed spot ETFs. Bloomberg ETF analysts Eric Balchunas and James Seyffart expressed confidence in the ETF’s chances, citing reports that the SEC has already provided feedback on the filing. Balchunas noted, “This is a strong indication that Litecoin is on track to be the next major crypto to secure a spot ETF.”

𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭 𝐒𝐡𝐢𝐟𝐭𝐬 𝐢𝐧 𝐋𝐢𝐭𝐞𝐜𝐨𝐢𝐧’𝐬 𝐅𝐚𝐯𝐨𝐫🌟🌟🌟

Canary Capital first filed for a Litecoin ETF in October 2024, and its recent amendments appear to have satisfied regulatory requirements. Moreover, Nasdaq’s filing of the 19b-4 form on January 15 has officially started the SEC’s review process, with Coinbase Custody Trust set to manage the fund’s Litecoin holdings.

Adding to the optimism is the anticipated leadership change at the SEC, where Paul Atkins is expected to replace Gary Gensler as chairman. Atkins is widely seen as crypto-friendly, and his appointment could create a more favorable regulatory landscape for crypto ETFs. Bloomberg’s Balchunas remarked that “Litecoin now meets all the conditions for approval,” suggesting the application is unlikely to face withdrawal.

𝐑𝐨𝐨𝐦 𝐟𝐨𝐫 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐞𝐬𝐩𝐢𝐭𝐞 𝐑𝐞𝐜𝐞𝐧𝐭 𝐆𝐚𝐢𝐧𝐬🚨🚨🚨

Despite Litecoin’s recent rally, its price remains 68% below its all-time high of $410.26, achieved in May 2021. Should the SEC approve the ETF, it could pave the way for significant upward momentum. With Litecoin potentially becoming the first altcoin ETF of 2025, investors are watching closely as the clock ticks on the SEC’s decision.

Will this regulatory breakthrough position Litecoin as a major player in the evolving crypto market? Only time will tell.

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