$LTC

📢 [HOT NEWS] SEC Faces Deadline for Approving Litecoin ETF Today

🗓 May 5, 2025, is the deadline for the U.S. Securities and Exchange Commission (SEC) to make a decision on the proposed spot Litecoin ETF from Canary Capital.

📈 Approval rate skyrockets: On the Polymarket prediction platform, the likelihood of the ETF being approved has risen to 79%, the highest since mid-March. Bloomberg also assesses the approval likelihood at 90% this year.

💬 Expert opinion: James Seyffart, Bloomberg's ETF analyst, stated, "If any asset has a chance of being approved early, it is Litecoin." However, he also noted that the possibility of delays remains high.

📊 Market reacts positively: The price of Litecoin (LTC) has risen over 4%, reaching $89, the highest since March, while other major cryptocurrencies like Bitcoin and Ethereum are experiencing slight declines.

🔮 Price forecast: If the ETF is approved, Litecoin could rise to $100 or higher. Conversely, if it is rejected or delayed, the price could drop below $70.