The probability of Litecoin ETF approval is 90%
Although the likelihood of the Securities and Exchange Commission approving a Litecoin ETF is about 90%, Litecoin is showing significant positive momentum as the coin has risen to $124.98 with a 21% increase in one week.
Renowned cryptocurrency expert Ali stated that LTC is approaching a breakout level at $141. Even though the price has increased slowly, a clear close above the important resistance level of $141 will confirm a positive trend. If Bitcoin overcomes this hurdle, it could "pave the way towards $170–$200."
CoinMarketCap reports that LTC is trading at approximately $123 at the time of writing, with a market value of $9.31 billion and a circulating supply of 84 million tokens.
The probability of Litecoin ETF approval is 90%
Recent predictions regarding the likelihood of some cryptocurrency exchange-traded funds (ETFs) receiving approval from the U.S. SEC have been provided by analysts James Seyffart and Eric Balchunas. Their assessments have caused several cryptocurrencies to surge; LTC is leading this field. Eric Balchunas said, "Litecoin leads with a 90% chance."
Completing the first round of a protracted review process, the article notes that the SEC has officially acknowledged Canary Capital's application for a spot Litecoin ETF. Reportedly the first altcoin ETF after Bitcoin and Ethereum, submitted on January 16, Canary's ETF is