How high is it?
TL; D
- The recent increase in Litecoin looks forward to key resistance levels, with predictions that the collapse above $ 135 can raise a strong upward step.
- LTC ETF expectations are increasing, with the possibility of approval of more than 80 % by 2025, adding to the upward feelings and can originally lead the increasing interest in the original.
How high is LTC?
The cryptocurrency market has not been in its best cases in recent times, as it strengthened many leading digital assets at yesterday’s levels (February 18) or planning slight losses.
However, Litecoin (LTC) is among the few impressive height. Its price has increased by 9 % in the past 24 hours, currently Trading at about $ 135 (per Coingecko data).
According to many participants in this field, the original can soon Go For higher goals. X Cryptowzrd user He thinks The collapse above 0.00140 SAT on the LTC/BTC trading pair may lead to further pressure for Litecoin.
They added: “140 dollars is the next goal of resistance, and on top of that, we will see a gathering towards the 170 -dollar resistance area.”
An analyst who uses the title of Dom as well. Proposal Running real bull can start as soon as the price exceeds $ 135.
“While the rest of the market is in the abyss, it seems ready to break its range for 3 months to the upward trend.”
LTC ETF on the horizon?
one factor The last strong performance of the asset is to increase the opportunity to launch a truck in a Litecoin (ETF) exchange in the United States.
Earlier this year, the US Securities and Stock Exchange Committee (SEC) officially Recognized Canary Capital suggestion to present such a product. If approved, investors will be allowed to be exposed to a distinctive symbol without the need to buy it from stock exchanges or anxiety about the self -body, for example.
Erik Balunas – Large ETF analyst in Bloomberg – newly estimated 90 % opportunity for the securities organizer to illuminate the LTC ETF spot before the end of 2025. According to For polymarket, the risk of such development this year is 84 %.
It is important to note that other well -known companies, such as Grayscale, 21shares and BitWise Display Inmates to launch the investment funds circulating with encrypted currencies such as XRP, Ada and DOGE as basic assets. Their approval possibilities range from 54 % to 78 %.
Binance Free $ 600 (Full Details).
Limited offer for Cryptopotato readers in Bybit: Use this link to register and open a $ 500 free site on any coin!