$XRP

Backs 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 with massive volume to buy the dip.

Recently, the Securities and Exchange Commission (SEC) 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, potentially pushing Litecoin to $450 this year.