Well-followed Bloomberg analysts James Seyffart and Eric Balchunas believe exchange-traded products based on cryptocurrencies Ripple's XRP, Solana, Dogecoin, and Litecoin all have favorable odds of securing approvals. Notably, they see the chances of a Litecoin (LTC) exchange-traded fund (ETF) going live in the coming months as higher than those of other ETFs currently proposed.
Recently, Ripple CEO boasted that the approval of an XRP ETF is simply inevitable. Notably, Polymarket bettors also think that there is at least an 81% chance for an XRP ETF proposal to receive its approval this year. However, a research, led by renowned ETF analyst Eric Balchuas, suggests a different view.
Bloomberg analysts predict a 90% chance of SEC approval for a Litecoin ETF in 2025, leading other cryptocurrency ETF candidates
Bloomberg analysts have revealed their approval odds for altcoin ETFs. Litecoin ETFs have a 90% chance of approval, while XRP ETFs have the lowest approval odds.
Prices for Litecoin, Dogecoin, Solana, and XRP are in the green after analysts James Seyffart and Eric Balchunas released their ETF approval odds.
The altcoins market is bustling with activity today as top market analysts highlight the greater odds of approval for a spot Litecoin ETF and spot Cardano ETF. While Ethereum (ETH) and XRP are up by 2-3% each, Cardano (ADA) and Litecoin (LTC) have gained anywhere between 10-15% each amid higher odds of these crypto ETF
There's a 90% chance Litecoin ETFs are approved, followed by 75% odds for a dogecoin ETF.
Litecoin closed the weekly trade with the mighty dragonfly doji, which is powerful and hugely long. This has suggested the token is bracing itself for a strong price action, which has materialized since the start of the week.
Litecoin (LTC) has been gaining attention in the cryptocurrency market once again as its price shows signs of recovery. Currently priced at around $120, Litecoin's market cap stands at approximately $9.08 billion, with a circulating supply of 75.5 million LTC.
Bloomberg ETF analysts Eric Balchunas and James Seyffart have released their latest approval odds for spot altcoin exchange-traded funds (ETFs) in 2025, with XRP receiving the lowest probability.
Bloomberg ETF analysts say Litecoin regulatory filings have been acknowledged and the SEC likely views it as a commodity.
Cryptocurrency prices were on edge on Tuesday morning as investors waited for the upcoming Jerome Powell's congressional testimony and US consumer inflation data. Bitcoin traded at $97,000, while the crypto fear and greed index was at $3.2 trillion. This article explores the forecast of key cryptocurrencies like IOTA, Raydium (RAY), and Litecoin (LTC).
Bloomberg ETF analysts Eric Balchunas and James Seyffart have compiled a list of crypto ETF applications that they believe will have shot at being approved by the U.S. Securities and Exchanges Commission (SEC) this year, and assigned a probability of approval to each filing.
Bloomberg analysts James Seyffart and Eric Balchunas have revealed their predictions for the Solana, XRP, Dogecoin, and Litecoin ETFs. As part of their predictions, they outlined the approval odds for each of these crypto ETFs.
The potential approval of a Litecoin ETF could accelerate mainstream adoption of crypto assets, influencing regulatory frameworks globally. The post DOGE, SOL, XRP ETFs lag behind LTC in approval odds: Bloomberg analysts appeared first on Crypto Briefing.
The analysts estimate that Litecoin ETFs filed by Canary and Grayscale have the highest chance of approval.
Litecoin (LTC) has emerged as one of the biggest, yet silent, winners of the crypto market lately as its price has surged by nearly +60% in the past three months.
Litecoin (LTC) price shot up a staggering 9% in the past day as the cryptocurrency reclaimed the 20-day EMA.
After experiencing a sharp downturn earlier this month amid broader market turbulence, Litecoin (LTC) has rebounded strongly. The cryptocurrency has climbed nearly 10% in a day, trading at $119 at press time, as growing speculation over a potential exchange-traded fund (ETF) drives renewed investor interest.
Litecoin has made a strong comeback. In just one week, its price bounced back, recovering all its recent losses and climbing above $110. This recovery has almost balanced out its performance for the year. With the rate of accumulation still increasing, there's a good chance Litecoin's price could rise even more soon.
TL;DR Large investors have increased their holdings of Litecoin by 103% in the last week, suggesting a strong bullish momentum. Litecoin's Relative Strength Index (RSI) stands at 54.08 and is still rising, indicating growing buying pressure. LTC's Elder-Ray Index has turned positive, with a potential price target of $124 if the bullish trend persists.
While Litecoin leads the market with impressive gains, this is how Bitcoin maintains its stronghold above $97,000.
Litecoin (LTC), one of the most recognized cryptocurrencies, has been making waves in the market recently, experiencing impressive gains. Over the past 24 hours, the altcoin has surged by 5.56%, bringing its market capitalization to a substantial $8.536 billion.
Litecoin (LTC) has regained momentum on the market, skyrocketing more than 20% since the past week. With its price surge, LTC remains a top gainer on a daily and weekly basis among the top 20 cryptocurrencies by market capitalization.
Amid increasing anticipations on XRP exchange-traded funds (ETFs), Nasdaq has taken a bold initiative. In an astounding development, Nasdaq filed 19b-4 forms with the Securities and Exchange Commission (SEC) to introduce CoinShares' XRP ETF and Litecoin ETF.
Aptos (APT) joined Litecoin (LTC) as a top performer, gaining 9% over the weekend.
Litecoin (LTC) saw a significant surge on Monday, jumping 10.51% to trade at $117.28 by 04:21 (09:21 GMT) on the Investing.com Index. This marks its largest one-day percentage gain since January 30, pushing its market cap to $8.80 billion, representing 0.28% of the total crypto market.
"LTC chart is looking really promising," one popular analyst claimed.
The potential approval of these ETFs could significantly boost institutional investment in crypto, enhancing market legitimacy and growth. The post Nasdaq files to list and trade CoinShares XRP, Litecoin ETFs appeared first on Crypto Briefing.
The cryptocurrency market is showing signs of stability, with the total market capitalization holding steady at $3.10 trillion. This stability, while modest, signals potential for bullish momentum in the near future.
Pi coin price remains in a bear market after falling by over 50% from its November highs. This retreat is likely because of the ongoing altcoin crash, and the ongoing open network launch jitters.
Litecoin's price surged on Feb. 10, breaking out of its recent consolidation phase, as optimism around the potential approval of a spot LTC ETF this year continues to remain strong.
LTC is the top gainer from the larger-cap alts today.
Litecoin price defied the broader crypto market turbulence on Monday, soaring nearly 7% amid recent advancements. The crypto saw renewed market interest fueled by the odds of an LTC ETF approval gaining weight.
Despite increased bearish price action with Bitcoin price struggling below the $100k mark, the Litecoin price has maintained its bullish momentum by breaking out of its important resistance level in the daily time frame. This suggests an increase in the bullish action for the altcoin.
The uncertainty over the crypto market continues to hover as the prices of major tokens remain within a restricted range. The start of the week was neither bullish nor bearish, displaying the traders being unsure of the next price action. Meanwhile, the market capitalisation is maintaining a declining trend with the resistance lowering every day.
Cryptocurrency prices on Monday, February 10, continued showcasing a fluxing action as the current market sentiment remains uncertain. Bitcoin (BTC) price traded near $97K as the week kicked off, whereas Ethereum (ETH), XRP, and Solana (SOL) mimicked a turbulent action intraday.
The push for crypto exchange-traded funds (ETFs) continues to gain ground as the Chicago Board Options Exchange (Cboe) filed a 19b-4 with the U.S. Securities and Exchange Commission (SEC) to list and trade XRP ETFs from several major asset managers. This development follows the SEC's acknowledgment of Grayscale's filings for Solana (SOL) and Litecoin (LTC) ETFs, marking an important step in the broader acceptance of digital asset investment products.
Polkadot (DOT) joined Litecoin (LTC) as a top performer, gaining 4.8%.
LTC consolidates within a corrective phase, with a potential breakout ahead. A move above $116.26 could confirm a new uptrend, while failure to hold $96.81 will invalidate the assumption.
The SEC has taken a key step toward approving a spot Litecoin ETF, while Solana sees record-breaking growth and Remittix aims to disrupt the $190 trillion payment sector. #partnercontent
A step signals potential approval amid growing expectations for crypto-friendly regulations.
Eric Balchunas defines the move as a small step in the change of leadership.
Grayscale Investments has submitted a request to the SEC to transform its Grayscale Litecoin Trust (LTCN) into an ETP.
The US Securities and Exchange Commission (SEC) has officially recognized the 19b-4 filings submitted by the New York Stock Exchange (NYSE) to list and trade the Grayscale Solana and Litecoin exchange-traded fund (ETF).
The US Securities and Exchange Commission (SEC) has acknowledged two key filings: an amendment for Grayscale's proposed spot Litecoin (LTC) exchange-traded fund (ETF) and a separate request allowing in-kind redemptions for BlackRock's iShares Bitcoin ETF (IBIT), according to Feb. 6 filings.
The Commission acknowledged several applications for crypto exchange-traded funds on Thursday, a move that ties the regulator to a strict timeline for approval or denial.