- The proposal of the Litecoin ETF will receive the SEC green light before May 5th.
- Analysts predict strong support for LTC and a possible breakthrough towards $ 100.
The US Security and Exchange Committee (Sec) will make a decision to make today, May 5, 2025 on the proposal of the Canary Capital on the Spot Litecoin (LTC) Stock Exchange Fund (ETF). If the SEC approved the application, it may open the door for Litecoin first place for ETF. So far, SEC has not moved to postpone the request from the asset manager The capital of the Canaryaimed at listing through ETF Nasdaq. This is unusual, especially when compared to how the agency has dealt with similar to Dogecoin and XRP, both of which were quickly rejected.
This silence has attracted the attention of analysts and traders. Bloomberg ETF analyst James Seyffart sharp On x, if any crypto outside bitcoin or ethereum is a chance, it is litecoin.
“If some assets have the opportunity to be approved early, this is Litecoin IMO. Personally, I think the delay is more likely, but he wrote something to watch.”
The proposal was officially approved on January 29 and at the end of the 90-day windows on May 5th. If last Sunday is quiet, the approval may not be far away – or at least the process may move faster than expected.
Traders eyes $ 100 when the diagram shows strength.
Litecoin (LTC) trades ETF speculation with quiet confidence. It held a solid about $ 86 during Monday's Asian session and is still able to move on the moving medium -sized – the positive sign of watching the cuts.
The technical indicators show promises. The four-hour chart remains over both 100 and 200 moms, referring to a solid basis. The relative strength index (RSI) floats near 56 – not overheated, but clearly tends to the bullish territory.
If the price can carry out the 90 -Dollaris obstacle level, analysts believe that it is running to $ 100. “There is power here,” one market observer noted. “The volume is even, it is not driven by the leap and the support levels hold.”
In the background, Litecoin has climbed back from April and is now sitting at about 27% higher. This uniform performance can strengthen the ETF confirmation case, showing that it is not just an Altcoin in the pan.
Litecoin looks like a safer bet
Why is Litecoin unexpectedly on the good side of SEC? It is a clean and well -established property, often called silver in bitcoin gold.
Unlike some newer coins with questionable toxic or governance, Litecoin has a long history, a clear incident and a relatively low risk of market manipulation – all the things that SEC tends to care about.
James Seyffart pointed out that although the agency did not hesitate to postpone other crypto ETF requests, it will allow it to go to one course – at least for now. This is the fact that SEC could soften its position on Legacy's digital assets.
It also helps that this submission does not result from a financial giant like Blackrock or Grayscale. Canary Capital is a minor player that suggests that SEC may be more open than lesser-known businesses-Erit if the product is reasonable to regulatory and market structure.
Macroeconomic factors could add the backwind
At the same time, the larger market forces could set the stage in the Litecoin breakthrough. Former President Donald Trump recently demanded to reduce the interest rates of the Federal Reserve, which would probably increase crypto and other risk assets.
In the meantime, Fed's manager Jerome Powell is involved in the slowing of inflation and the increase in employment problems, leaving a lot of uncertainty around it.
This wider background can create a perfect setup: if Fed alludes to cut interest rates and SEC signals the Litecoin ETF, the price can increase rapidly. LTC's relatively small ceiling for a small market compared to Bitcoin does not take much to build it fast.
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