#LTC&XRPETFsNext?
It is sharply declining
Litecoin has dropped by 7% today, reaching a support level at $100. Litecoin holders had to endure a 12% decrease over the past month as the price of Litecoin struggled to stay above $140. It recently bounced back from $87 in the latest cryptocurrency crash, with Litecoin holders stepping in with significant buying to take advantage of the dip.
Recently, the Securities and Exchange Commission officially acknowledged the submission of a Litecoin exchange-traded fund application by Canary Capital, opening a 21-day window for comments. This has been seen as a strong hint that an exchange-traded fund dedicated to Litecoin will be approved soon, potentially pushing Litecoin to $450 this year.
It is sharply declining
Litecoin has dropped by 7% today, reaching a support level at $100. Litecoin holders had to endure a 12% decrease over the past month as the price of Litecoin struggled to stay above $140. It recently bounced back from $87 in the latest cryptocurrency crash, with Litecoin holders stepping in with significant buying to take advantage of the dip.
Recently, the Securities and Exchange Commission officially acknowledged the submission of a Litecoin exchange-traded fund application by Canary Capital, opening a 21-day window for comments. This has been seen as a strong hint that an exchange-traded fund dedicated to Litecoin will be approved soon, potentially pushing Litecoin to $450 this year.