LTC has broken through $100, why did it rise?

Spicy strips, I believe everyone is familiar with this name. After the news of LTC's ETF came out, it attracted a large inflow of funds, and even large investors entered the market. Subsequently, the U.S. Securities and Exchange Commission delayed its decision on the Litecoin ETF proposal, causing a wave of corrections in LTC. At this time, some retail investors began to panic, wondering if the delay meant it was the end, and started to sell off, while large investors chose to increase their holdings because they understood that a delay is not a rejection. Just like the previous BTC and Ethereum ETFs, it’s just a delay; the final result will definitely be approved. Even without this news, spicy strips would still face a correction, and why is that? The correction is to shake out some weak hands and attract some retail investors who are shorting, thus driving the price up again! As shown in the picture of the position, a fan reached out to me earlier and asked what to do? I gave this fan a little boost of faith; whether to hold or not depends on the individual. If you held on until now, then congratulations, you’ve made a profit! If you didn’t hold on, you’re just fodder. You don’t deserve to be in this market; you can only act as cannon fodder, wasting my earnest advice!