#LitecoinEFT
A spot Litecoin ETF means that traditional investors can invest in this digital currency without having to deal with direct custody or on-chain transactions.
The price of Litecoin has increased by more than 100% since the first ETF application was submitted to the SEC. According to data from CoinGecko, the asset is currently trading around $130, reflecting a 2% gain in the past hour.
Since the first ETF application was submitted to the SEC, the price of Litecoin has increased by more than 100%. According to CoinGecko, the asset is hovering around $130 and is up 2% in the past hour.
Experts expect a major boost in the ETF if the SEC ratifies the decision. Market analyst Crypto Surf has backed Litecoin to hit $5,000 in the current cycle based on the six-month chart's symmetrical triangle breakout. Such a transition would mean an increase in its market capitalization by almost 40 times, raising it to $377 billion based on circulating supply.
