Litecoin’s ETF Proposal Moves Forward as SEC Clears May 5 Deadline
The post Litecoin’s ETF Proposal Moves Forward as SEC Clears May 5 Deadline appeared on BitcoinEthereumNews.com. 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…
The post Litecoin’s ETF Proposal Moves Forward as SEC Clears May 5 Deadline appeared on BitcoinEthereumNews.com.
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…
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