#LitecoinETF How Litecoin ETFs Could Drive LTC Price to $800
EXCAVO highlighted Litecoin ETFs as one of the factors that could drive LTC price to $800 by the end of the cycle.
It noted that Litecoin is just a fork of Bitcoin and that there isn't much technology in it. However, it added that a decentralization and adoption issue is occurring, making LTC a suitable candidate for a possible ETF.
The analyst indicated that these Litecoin ETFs are one of the bullish fundamentals that could send LTC to this target price.
* According to Bloomberg analysts Eric Balchunas and James Seyffart, there is a 90% chance that the U.S. SEC will approve these funds this year.
