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The Canary Litecoin ETF has posted zero net inflows for five consecutive trading sessions, making it the weakest performer among other crypto ETFs, while LTC price struggles.
LTC price lost over 8% amid a broader crypto market sell-off, but an analyst gave a 10x rally prediction amid the Litecoin ETF launch.
Litecoin price rose to $99 after Canary’s LTCC ETF launched in the U.S., pulling $1.65 million in its first week.
Canary Capital Group submitted paperwork to register a Litecoin ETF and HBAR ETF with Nasdaq on Oct. 27. The filings arrive amid a regulatory shift favoring cryptocurrency ETF approvals and follow the SEC’s withdrawal of delay notices for multiple altcoin products.
Litecoin price has gained 15% to hit $130. LTC has entered the top 20 cryptocurrencies, with a $10 billion market cap.
Litecoin (LTC) is facing a defining moment as it trades near critical resistance around $132 while its ETF approval reaches the final stage.
The SEC faces key October deadlines on several crypto ETF filings, with Canary Capital’s spot Litecoin ETF first in line on Oct. 2.
Litecoin price steadied at $110 on Saturday, August 30, as sell-side pressure weakened. Can bulls capitalize on the psychological support base to stage a weekend rebound?
Up over 40% in a month and 11% in a day, LTC now ranks as the second most-used crypto for payments, behind only Bitcoin.
MEI Pharma has become the first publicly traded company to adopt Litecoin (LTC) as a primary treasury reserve asset.
Despite trading sideways near $86, Litecoin is drawing institutional accumulation and whale activity, with analysts eyeing $200.
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?