2025-02-17 16:29:58

#CryptoObservers #LTCUSD

Litecoin continued its smooth ascent, coming close to the predicted level of $140, more precisely, rising just above $137. The most important thing is that the trend is now bullish again, making it easier to move higher. After the appearance of bearish engulfing, the price retraced to the 23.6% Fib level, but the bulls are holding the line, and the money flow signals in their favor. It is desirable to break not only $140, but also $150 in one go.
Bloomberg analysts on ETF, James Seyffart and Eric Balchunas, believe that the likelihood of approval of the Litecoin ETF in 2025 is 90%.
Earlier, Grayscale applied for the listing of the Litecoin fund on NYSE Arca.
SEC is nearing a decision on the Canary Litecoin ETF - the public discussion stage has been launched.

LTC-1,9%

ARCA2,88%

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