#LTC&XRPETFsNext?

Breaking Down Hard

Litecoin is down 7% today, hitting support at $100. Litecoin holders have had to endure a 12% drop over the past month as Litecoin’s price failed to sustain above $140. It recently bounced from $87 in the recent crypto crash, with Litecoin holders stepping in in huge volume to buy the dip.

The Securities and Exchange Commission recently officially acknowledged Canary Capital’s Litecoin ETF application, opening a 21-day window for comments. This has been seen as a strong hint that a dedicated Litecoin ETF will soon be approved, which could push Litecoin to $450 this year.