Litecoin (LTC) could be the next big cryptocurrency to get its own exchange traded fund (ETF), with multiple applications currently in progress. The U.S. SEC is reportedly looking at an application for a Litecoin spot ETF, while grayscale files are also being processed. Analysts predict
LTC prices could hit $150 if these ETFs are approved. Many also speculate that the price might surge again if
LTC's ban is lifted by U.S. courts. Despite
LTC adopting a meme coin identity, the digital asset seems to show strong potential for upward momentum. This is particularly true when considering celebrations over 300M transactions, the token's double-digit percentage gains, and its reclamation of 880-day support. Furthermore, increased investment from
Litecoin whales seems to hint at the possibility of
LTC rallying to $100 by 2024 end. Additionally, LTC's volume has reportedly doubled over the past year, indicating progressing interest from both retail and institutional investors. Some even believe that the coin could trigger a 40% rise if it maintains its momentum till the end of the year. On the other hand, others forecast that
LTC might face tough times ahead despite celebrating 300M transactions, and could drop to $76.34 by November 2024.
LTC Coin News Analytics from Mon, 01 Apr 2024 07:00:00 GMT to Tue, 28 Jan 2025 08:13:41 GMT -
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