
LTC Price Cracks 6% as SEC Delays Litecoin ETF Approval
The SEC’s announcement to postpone a decision on the Canary Funds Litecoin ETF led to a 6% drop in LTC price, which is now trading at $82.38.
1H
0.76%$0.6517
24H
-0.30%$0.2600
7D
-0.97%$0.8463
30D
-14.6%$14.81
The SEC’s announcement to postpone a decision on the Canary Funds Litecoin ETF led to a 6% drop in LTC price, which is now trading at $82.38.
The price of Litecoin rose 5% ahead of an anticipated US SEC decision on the Canary Capital spot ETF proposal.
Litecoin and Solana might see their spot exchange-traded products enter the US market earlier than most of the anticipated XRP ETFs.
Litecoin, the quick-to-rise crypto over the past week, hits the top. A bullish failure to break the $138 supply zone results in another negative cycle. Will the increased interest of whales in Litecoin amid ETF approval chances revert the downfall for a breakout rally?
Canary Capital’s spot Litecoin ETF has been listed on the DTCC system, setting the stage for potential trading upon SEC approval.
Litecoin (LTC) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. While inspired by, and in most regards technically nearly identical to Bitcoin (BTC), Litecoin has some technical improvements over Bitcoin, and most other major cryptocurrencies, such as the adoption of Segregated Witness, and the Lightning Network. These effectively allow a greater amount of transactions to be processed by the network in a given time, reducing potential bottlenecks, as seen with Bitcoin. Litecoin also has almost zero payment cost and facilitates payments approximately four times faster than Bitcoin.
Solana is a permissionless, high-performance blockchain that offers scalable, fast, and decentralized marketplaces and apps. Here you will find everything you need to know about this protocol.
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