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The U.S. Securities and Exchange Commission (SEC) has taken a step forward on the Grayscale Solana Trust proposal. The agency acknowledged a filing from NYSE Arca, which seeks to list and trade the trust as an exchange-traded product. The SEC has opened a 21-day public comment period before making a final decision on the proposal. […]
The NYSE has submitted a proposal to the SEC to transform Grayscales Litecoin Trust into a spot ETF, which could offer new investment opportunities and drive market growth for LTC. NYSE Seeks SEC Approval for Grayscale Litecoin Trust Conversion The New York Stock Exchange (NYSE) has filed a request with the U.S. Securities and Exchange […]
Litecoin is on the verge of breaking multi-year highs at the $147 level, defying the overall negative sentiment in the crypto market. While selling pressure and uncertainty have slowed the broader market, LTC has held strong, just below key supply levels. This resilience has fueled optimism among investors, with many anticipating a potential breakout in the coming days. Related Reading: Cardano Remains In Consolidation Expert Projects 25% Price Move A crucial factor contributing to Litecoins strength is growing speculation around a Litecoin ETF. According to key data from IntoTheBlock, the number of short-term LTC traders has increased by over 12% in the past month. Historically, surges in short-term trading activity have preceded major price movements, indicating that investors are positioning for a potential rally. With ETF discussions gaining momentum, traders are closely watching Litecoins price action. If LTC successfully reclaims $147, it could open the door for a significant breakout. However, failure to push past this resistance could lead to increased volatility. As the crypto market navigates uncertainty, Litecoin remains one of the few assets showing relative strength, keeping investors hopeful for a strong move in the near future. Litecoin Holds Key Levels As ETF Speculation Grows Litecoin is trading at crucial liquidity levels after a volatile week, struggling to reclaim momentum following Fridays market breakdown caused by the Bybit hack, resulting in $1.4 Billion in ETH stolen from the exchange. Just as LTC was preparing to push above multi-year highs, negative sentiment hit the crypto space, leading to a wave of selling pressure across the board. Despite this, analysts remain optimistic, calling for a massive surge in Litecoin once the broader market regains strength. Many believe LTC is positioned to outperform other assets when the market enters its next bullish phase. Speculation surrounding a Litecoin ETF has added fuel to the growing interest in LTC. According to IntoTheBlock, the number of short-term LTC traders has increased by over 12% in the past month. This rise in trading activity suggests that traders are closely watching Litecoin, betting on the possibility of an ETF announcement that could drive prices higher. Historically, major ETF approvals have resulted in strong rallies, and investors are speculating that LTC could follow the same pattern. For now, Litecoin remains in a consolidation phase, with traders looking for confirmation of the next major move. If LTC reclaims key resistance levels and ETF speculation continues to grow, the next breakout could be one of the most significant in recent years. Related Reading: New Chainlink Addresses Hit Highest Levels Since January LINK Network Growth Accelerates LTC Testing Key Demand As Market Awaits Breakout Litecoin is currently trading at $123 after experiencing a sharp 13% drop from local highs set on Friday. The price action reflects broader market uncertainty, but LTC continues to show strength, holding above key support levels. Investors remain optimistic, believing that Litecoin could be one of the top-performing assets once the market trends upward again. For now, LTC must maintain support above the critical $120 level to sustain its bullish structure. A successful reclaim of the $135 level in the coming days would signal renewed momentum, potentially setting the stage for a breakout into higher price levels. Analysts believe that if Litecoin manages to clear this resistance zone, a strong move toward multi-year highs could follow. Related Reading: Bitcoin Faces Serious Price Compression What Happened Last Time However, if selling pressure increases and LTC loses the $120 support, a deeper retracement into lower demand levels could occur. This scenario would likely extend the consolidation phase, delaying any potential rally. Traders are closely watching Litecoins price action for signs of strength, as a bullish breakout could lead to one of the most significant moves for LTC in recent months. Featured image from Dall-E, chart from TradingView
Solana will likely remain under pressure in the near term despite the steady fundamentals. iDEGEN is ending its presale with the same hype that has carried it through the presale as investors fear missing out. Even with the likely approval of a Litecoin ETF, the bulls lack enough momentum to fuel a breakout Crypto bulls […]
The post iDEGEN finishes the presale race with hype as investors fear missing out appeared first on CoinJournal.
Crypto analyst EXCAVO has alluded to the potential Litecoin ETFs and how they spark a massive price surge for LTC. The analyst also revealed how high LTC could rally to at the end of this bull cycle thanks to these ETFs. How The Litecoin ETFs Could Drive LTCs Price To $800 In a TradingView post, EXCAVO highlighted the Litecoin ETFs as one of the factors that could drive LTCs price to $800 at the end of the cycle. He noted that Litecoin is just a fork of Bitcoin, and there is not much technology in it. However, he added that a decentralization and adoption issue is occurring, making LTC a suitable candidate for a potential ETF. Related Reading: Meet The New King Of Crypto Payments: Why Users Are Choosing Litecoin Over Bitcoin The analyst indicated that these Litecoin ETFs are one of the bullish fundamentals that could send LTC to this price target. Grayscale. Canary Capital and CoinShares have all applied with the SEC to offer a Litecoin ETF. According to Bloomberg analysts Eric Balchunas and James Seyffart, there is a 90% chance of the US SEC approving these funds this year. As such, if approved this year, these Litecoin ETFs could easily send the LTC price to $800, as EXCAVO predicted. Meanwhile, from a technical analysis perspective, the analyst also stated that the crypto has a standard triangle with horizontal resistance on top. He added that such resistances tend to break out strongly. As such, the analyst is confident that LTC can reach $800 in this cycle thanks to its bullish fundamentals and technicals. EXCAVO also alluded to the LTC/BTC pair, noting that the fall has stopped and the bottom has been minimized. In line with this, he remarked that he expects an upward jump soon enough. LTC Is Headed To $180 In The Short Term In an X post, crypto analyst Dom opined that the Litecoin price is headed to $180. This came as he explained why he doesnt believe LTC has topped in this cycle. Alluding to historical patterns, the analyst asserted that Litecoins chart is nothing like a topping formation. He added that tops have always been put in quickly. Related Reading: Forget Bitcoin Holders: Litecoin Investors Are The Real Diamond Hands, According To This Metric Dom also remarked that Litecoins price is bullish, above the all-time high (ATH) Volume-weighted average price (VWAP). However, he added that a full invalidation would be an acceptance below $103. Meanwhile, crypto analyst Crypto Bullet highlighted how LTC will fly soon. His accompanying chart showed that the Litecoin price could reach $210 when this parabolic rally happens. Crypto analyst Charting Guy is also bullish on Litecoin, describing it as XRP 2.0, indicating that it could make a comeback like XRP did last year. At the time of writing, the Litecoin price is trading at around $123, down almost 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
If approved, the Dogecoin and XRP ETFs will trade on the NYSE Arca exchange The SEC has 240 days to approve or reject the filings once they have been submitted to the SEC’s federal register Last week, the Cboe filed four XRP ETFs on behalf of 21Shares, Bitwise, Canary Capital, and WisdomTree The US Securities […]
The post SEC acknowledges Grayscale’s Dogecoin and XRP ETF filings appeared first on CoinJournal.
Bloomberg analysts looked at ETFs focused on Litecoin, Solana, XRP, and Dogecoin They believe a Dogecoin ETF has a 75% chance of being approved in 2025 followed by Solana at 70%, and XRP with 65% Nasdaq filed two ETF 19b-4 forms for CoinShares with the SEC, seeking the approval of a Litecoin and XRP ETF […]
The post Bloomberg analysts: Litecoin ETF has a 90% chance of approval in 2025 appeared first on CoinJournal.
In the United States, issuers are seeking to register ETFs for Solana and XRP ahead of the November presidential elections.
Litecoin (LTC) is experiencing a strong bullish trend, showing promising signs of further price growth. Over the past week, LTC has increased by almost 11%, suggesting a positive trajectory as it holds strong above crucial support levels. This rally comes amidst an overall bullish cryptocurrency market, propelled by Bitcoin’s surge, which has boosted investor confidence […]
In a notable change in the crypto regulatory environment, asset managers are regaining confidence in their pursuit of ETFs. Significantly, CoinShares submitted applications for a spot XRP ETF and a Litecoin (LTC) fund, indicating an increasing enthusiasm for altcoin investment offerings. CoinShares Targets Litecoin And XRP ETF CoinShares submission arises as the US ETF market is progressively concentrating on cryptocurrency investments, after the approval and resulting success of funds investing in Bitcoin (BTC) and Ethereum (ETH) in 2024. The firm has submitted an S-1 registration statement to the Securities and Exchange Commission (SEC) to launch the XRP ETF, aimed at providing investors with direct exposure to the markets second largest altcoin. Related Reading: SAB 122 Is A Bigger Bitcoin Price Catalyst Than The US BTC Reserve Additionally, CoinShares is expanding its offerings by applying for a spot Litecoin ETF, positioning itself as one of the few companies actively exploring altcoin-based ETFs in the US market. On the same day, Grayscale Investments also filed applications with the New York Stock Exchange (NYSE) for both a Solana ETF and a Litecoin ETF, alingning with other firms, including Canary Capital and CoinShares, all seeking regulatory approval for similar products. Skepticism Surrounds Proposed Litecoin ETF Despite the enthusiasm surrounding the XRP ETF filing, the altcoin has shown a mixed response in the market. XRP recently emerged from a nearly three-year consolidation period below the $0.50 mark, boosted by excitement surrounding pro-crypto regulatory shifts under President Donald Trump. Currently, XRP is experiencing remarkable momentum, boasting a staggering 500% year-to-date gain, trading at approximately $3.10. However, the announcement of CoinShares’ XRP ETF did not significantly impact the token’s price, which remains down 0.4% within a 24-hour period. Related Reading: XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20 On a more critical note, the proposed Litecoin ETF has sparked skepticism among some market experts. Analyst Ali Martinez expressed concerns regarding the viability of a Litecoin ETF, pointing out that the coin has remained stuck in the same price range since 2017, a span of eight years. The analyst continued to probe the reasoning for initiating a Litecoin ETF when ironic options, like a USDT ETF, he claims, might provide more instant advantages such as staking rewards. Featured image from DALL-E, chart from TradingView.com
Nasdaq has filed a 19b-4 form for the proposed Canary Litecoin ETF. The SEC recently asked Canary Capital to amend the S-1 form of the proposed Litecoin ETF. The initial filing for the Canary Litecoin ETF was made in October 2024. Nasdaq has taken a pivotal step by filing a 19b-4 form for the proposed […]
The post Nasdaq files 19b-4 form for ‘Canary Litecoin ETF’ SEC approval appeared first on CoinJournal.
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