This altcoin has seen a significant increase in the last 7 days, bringing great joy to its investors. The main reason driving this price increase is the high expectations that the U.S. Securities and Exchange Commission (SEC) will approve a spot litecoin ETF.

According to Eric Balchunas, a senior analyst at Bloomberg Intelligence, there is a strong likelihood that litecoin will be the next cryptocurrency to have an ETF, as CriptoNoticias reported about a month ago.

In the last few hours, both Balchunas and his colleague James Seyffart have revisited the topic and reaffirmed their stance, which has boosted investor sentiment and increased demand for litecoin.$LTC