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MainNewsWhy Today’s ...

Why Today’s SEC Ruling on Litecoin ETF Could Spark Major LTC Move


by Parth Dubey
for CoinEdition
Litecoin (LTC) price chart analysis showing key Fibonacci levels ahead of the SEC spot ETF decision expected today, May 5th.
  • Litecoin trades near $87 as investors await the SEC’s decision on Canary Capital’s spot ETF filing.
  • Bloomberg analysts give Litecoin a 90% chance of ETF approval—higher than Dogecoin or XRP.
  • Technical indicators suggest a breakout toward $101 if $87 support holds, with downside risk to $77.

Litecoin (LTC) traded at $87.66 during the Asian session on Monday, gaining modestly even as broader crypto markets consolidated. Traders seem hopeful but cautious as they await a key decision from the U.S. SEC on Canary Capital’s proposed spot Litecoin ETF, expected sometime later today, May 5th. 

Fueling some of that optimism, Bloomberg analyst James Seyffart noted that Litecoin’s application may have the best odds of approval among current ETF filings, giving the altcoin a potential edge in investor sentiment.

Focu…

The post Why Today’s SEC Ruling on Litecoin ETF Could Spark Major LTC Move appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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MainNewsWhy Today’s ...

Why Today’s SEC Ruling on Litecoin ETF Could Spark Major LTC Move


by Parth Dubey
for CoinEdition
Litecoin (LTC) price chart analysis showing key Fibonacci levels ahead of the SEC spot ETF decision expected today, May 5th.
  • Litecoin trades near $87 as investors await the SEC’s decision on Canary Capital’s spot ETF filing.
  • Bloomberg analysts give Litecoin a 90% chance of ETF approval—higher than Dogecoin or XRP.
  • Technical indicators suggest a breakout toward $101 if $87 support holds, with downside risk to $77.

Litecoin (LTC) traded at $87.66 during the Asian session on Monday, gaining modestly even as broader crypto markets consolidated. Traders seem hopeful but cautious as they await a key decision from the U.S. SEC on Canary Capital’s proposed spot Litecoin ETF, expected sometime later today, May 5th. 

Fueling some of that optimism, Bloomberg analyst James Seyffart noted that Litecoin’s application may have the best odds of approval among current ETF filings, giving the altcoin a potential edge in investor sentiment.

Focu…

The post Why Today’s SEC Ruling on Litecoin ETF Could Spark Major LTC Move appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Solana Price Prediction Hits $500 by 2029, Says Standard Chartered, but Ethereum May Outperform Until 2027

Solana Price Prediction Hits $500 by 2029, Says Standard Chartered, but Ethereum May Outperform Until 2027

Standard Chartered has released a detailed Solana forecast, predicting the Solana pri...
Crypto Price Today: BTC, ETH, SOL, and TAO Rally After Weekend Dip

Crypto Price Today: BTC, ETH, SOL, and TAO Rally After Weekend Dip

After a volatile weekend across the cryptocurrency market, major coins have begun to ...