币途指南
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“Litecoin ETF may be approved first! Prices are steadily rising, targeting 100 USD!”
Even though the entire cryptocurrency market is in a consolidation period, Litecoin (LTC) is still slightly rising during the Asian trading session, with the current price around 86 USD. Bloomberg analyst James Seyffart pointed out that due to the competitive advantage of the Litecoin spot ETF submitted by Canary Capital, the likelihood of approval is as high as 90%, making it the most promising among similar applications.
Canary Capital plans to launch the ETF on October 15, 2024, with Nasdaq set to submit an application in January 2025, awaiting approval from the U.S. Securities and Exchange Commission (SEC). Unlike Dogecoin and Ripple, Litecoin's application has not encountered approval delays, making the market full of expectations.
Technically, Litecoin's price remains above the support level of 84 USD, and breaking through the 50-day EMA and the upward trend line is expected to challenge the 100 USD mark. However, there is still resistance in the 88-90 USD range. The RSI remains above 50, indicating bullish dominance.
For investors, it is recommended to pay attention to support levels at 84 USD, 81 USD, and 75 USD, while also watching for the opportunity to break through 100 USD.
Even though the entire cryptocurrency market is in a consolidation period, Litecoin (LTC) is still slightly rising during the Asian trading session, with the current price around 86 USD. Bloomberg analyst James Seyffart pointed out that due to the competitive advantage of the Litecoin spot ETF submitted by Canary Capital, the likelihood of approval is as high as 90%, making it the most promising among similar applications.
Canary Capital plans to launch the ETF on October 15, 2024, with Nasdaq set to submit an application in January 2025, awaiting approval from the U.S. Securities and Exchange Commission (SEC). Unlike Dogecoin and Ripple, Litecoin's application has not encountered approval delays, making the market full of expectations.
Technically, Litecoin's price remains above the support level of 84 USD, and breaking through the 50-day EMA and the upward trend line is expected to challenge the 100 USD mark. However, there is still resistance in the 88-90 USD range. The RSI remains above 50, indicating bullish dominance.
For investors, it is recommended to pay attention to support levels at 84 USD, 81 USD, and 75 USD, while also watching for the opportunity to break through 100 USD.
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