Litecoin’s ETF Proposal Moves Forward as SEC Clears May 5 Deadline
- Litecoin’s ETF Proposal Gets SEC Green Light Ahead of May 5.
- Analysts Predict Strong Support and a Possible Breakout Toward $100 for LTC.
The U.S. Securities and Exchange Commission (SEC) is expected to make a decision today, May 5, 2025, on Canary Capital’s proposal for a spot Litecoin (LTC) exchange-traded fund (ETF). If the SEC approved the application, that could open the door for Litecoin’s first-ever spot ETF. So far, the SEC hasn’t moved to delay the application from asset manager Canary Capital, which aims to list the ETF through Nasdaq. That’s unusual, especially when compared to how the agency has handled similar filings for Dogecoin and XRP, both of which were quickly pushed back.
This silence has caught the attention of analysts and traders. Bloomberg ETF analyst, James Seyffart pointed out on X that if any crypto outside Bitcoin or Ethereum stands a chance, it’s Litecoin.
“If any asset has a chance of early approval it’s Litecoin IMO. Personally I think a delay is more likely but def something to watch’’ he wrote.
The proposal was formally acknowledged on January 29, and with a 90-day window expiring on May 5, the SEC has just hours left to make a call. If it stays quiet past Sunday, approval might not be far off — or at the very least, the process could be moving faster than expected.
Traders Eye $100 as Chart Shows Strength.
Litecoin (LTC) is trading with quiet confidence as the ETF speculation grows. It held firm around $86 during Monday’s Asian session and continues to trend above key moving averages — a positive sign for traders watching for breakouts.
Technical indicators show promise. On the 4-hour chart, LTC remains above both the 100- and 200-EMA, hinting at solid underlying momentum. The Relative Strength Index (RSI) is hovering near 56—not overheated but clearly leaning toward bullish territory.
If the price manages to push through the $90 resistance level, analysts believe a run to $100 is well within reach. “There’s strength here,” one market watcher noted. “Volume is steady, not driven by hype, and support levels are holding.”
In the background, Litecoin has been climbing back from its April dip and now sits roughly 27% higher on the year. That steady performance could strengthen the case for its ETF approval, showing that it’s not just a flash-in-the-pan altcoin.
Litecoin Looks Like the Safer Bet
So why is Litecoin suddenly on the SEC’s good side? It’s a clean, well-established asset often called the “silver to Bitcoin’s gold”.
Unlike some of the newer coins with questionable tokenomics or governance, Litecoin has a long history, a clear use case, and a relatively low risk of market manipulation — all things the SEC tends to care about.
James Seyffart pointed out that while the agency didn’t hesitate to delay other crypto ETF requests, it’s letting this one run its course — at least for now. That’s fueling talk that the SEC could be softening its stance regarding legacy digital assets.
It also helps that this filing isn’t coming from a financial giant like BlackRock or Grayscale. Canary Capital is a minor player, which suggests the SEC might be more open than before to hearing from lesser-known firms — especially if the product makes sense from a regulatory and market structure standpoint.
Macroeconomic Factors Could Add Tailwind
At the same time, bigger market forces could set the stage for a Litecoin breakout. Former President Donald Trump recently pushed for the Federal Reserve to cut interest rates, which would likely boost crypto and other risk assets.
Fed Chair Jerome Powell, meanwhile, is caught between slowing inflation and rising employment concerns, leaving plenty of uncertainty around what’s next.
That broader backdrop could create the perfect setup: if the Fed hints at rate cuts and the SEC signals a path forward for the Litecoin ETF, the price could surge quickly. With LTC’s relatively small market cap compared to Bitcoin, momentum doesn’t take much for it to build fast.
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Дедлайн для одобрения заявок ETF на Litecoin — 5 мая: шансы на одобрение составляют 79%
The Future of Cryptocurrency Regulation Worldwide
Litecoin’s ETF Proposal Moves Forward as SEC Clears May 5 Deadline
- Litecoin’s ETF Proposal Gets SEC Green Light Ahead of May 5.
- Analysts Predict Strong Support and a Possible Breakout Toward $100 for LTC.
The U.S. Securities and Exchange Commission (SEC) is expected to make a decision today, May 5, 2025, on Canary Capital’s proposal for a spot Litecoin (LTC) exchange-traded fund (ETF). If the SEC approved the application, that could open the door for Litecoin’s first-ever spot ETF. So far, the SEC hasn’t moved to delay the application from asset manager Canary Capital, which aims to list the ETF through Nasdaq. That’s unusual, especially when compared to how the agency has handled similar filings for Dogecoin and XRP, both of which were quickly pushed back.
This silence has caught the attention of analysts and traders. Bloomberg ETF analyst, James Seyffart pointed out on X that if any crypto outside Bitcoin or Ethereum stands a chance, it’s Litecoin.
“If any asset has a chance of early approval it’s Litecoin IMO. Personally I think a delay is more likely but def something to watch’’ he wrote.
The proposal was formally acknowledged on January 29, and with a 90-day window expiring on May 5, the SEC has just hours left to make a call. If it stays quiet past Sunday, approval might not be far off — or at the very least, the process could be moving faster than expected.
Traders Eye $100 as Chart Shows Strength.
Litecoin (LTC) is trading with quiet confidence as the ETF speculation grows. It held firm around $86 during Monday’s Asian session and continues to trend above key moving averages — a positive sign for traders watching for breakouts.
Technical indicators show promise. On the 4-hour chart, LTC remains above both the 100- and 200-EMA, hinting at solid underlying momentum. The Relative Strength Index (RSI) is hovering near 56—not overheated but clearly leaning toward bullish territory.
If the price manages to push through the $90 resistance level, analysts believe a run to $100 is well within reach. “There’s strength here,” one market watcher noted. “Volume is steady, not driven by hype, and support levels are holding.”
In the background, Litecoin has been climbing back from its April dip and now sits roughly 27% higher on the year. That steady performance could strengthen the case for its ETF approval, showing that it’s not just a flash-in-the-pan altcoin.
Litecoin Looks Like the Safer Bet
So why is Litecoin suddenly on the SEC’s good side? It’s a clean, well-established asset often called the “silver to Bitcoin’s gold”.
Unlike some of the newer coins with questionable tokenomics or governance, Litecoin has a long history, a clear use case, and a relatively low risk of market manipulation — all things the SEC tends to care about.
James Seyffart pointed out that while the agency didn’t hesitate to delay other crypto ETF requests, it’s letting this one run its course — at least for now. That’s fueling talk that the SEC could be softening its stance regarding legacy digital assets.
It also helps that this filing isn’t coming from a financial giant like BlackRock or Grayscale. Canary Capital is a minor player, which suggests the SEC might be more open than before to hearing from lesser-known firms — especially if the product makes sense from a regulatory and market structure standpoint.
Macroeconomic Factors Could Add Tailwind
At the same time, bigger market forces could set the stage for a Litecoin breakout. Former President Donald Trump recently pushed for the Federal Reserve to cut interest rates, which would likely boost crypto and other risk assets.
Fed Chair Jerome Powell, meanwhile, is caught between slowing inflation and rising employment concerns, leaving plenty of uncertainty around what’s next.
That broader backdrop could create the perfect setup: if the Fed hints at rate cuts and the SEC signals a path forward for the Litecoin ETF, the price could surge quickly. With LTC’s relatively small market cap compared to Bitcoin, momentum doesn’t take much for it to build fast.
Highlighted Crypto News for Today
World Network Halted in Indonesia Amid Registration and Consent Issues
Read More
Дедлайн для одобрения заявок ETF на Litecoin — 5 мая: шансы на одобрение составляют 79%