Litecoin ETF: Canary Capital’s Proposal Leads Race, Ahead of Dogecoin & XRP
Canary Capital’s Litecoin ETF proposal is the front-runner for SEC approval, with Bloomberg analysts giving it a 90% chance. If approved, LTC could surge toward $100.
A significant move in the crypto space may be imminent as Bloomberg's James Seyffart revealed that a Litecoin Spot ETF, which was submitted by Canary Capital, has the greatest possibility of approval—going up to 90%—outpacing other popular altcoin proposals such as Dogecoin and XRP.
What's the Status of Litecoin ETF?
Canary Capital made its Litecoin ETF application on October 15, 2024. It was preceded by a 19b-4 filing by Nasdaq in January 2025, which has since advanced to the U.S. Securities and Exchange Commission (SEC) for approval. In contrast to the Dogecoin and XRP ETF applications, which have been held back, Litecoin's application is said to be going smoothly, making the chances of early approval more likely.
Other Players in the Race
Aside from Canary Capital, large institutions such as Grayscale and CoinShares have also filed for Litecoin ETFs. Nonetheless, according to Bloomberg's Seyffart, Canary's application is the most likely one. These are to be finally approved by October 2025.
Litecoin Market Overview
Litecoin (LTC) hit the $86 mark during Monday's Asian session in defiance of a fairly steady general crypto market. Technically:
- LTC is resisting at the very solid support line at $84.
- It is above both the 100 4-hour EMA and the 200-day EMA.
- A breakout above the 50 EMA and the uptrend line may drive LTC to the $100 level.
- Resistance may show between $88 and $90.
RSI Signals Bullish Momentum
The Relative Strength Index (RSI) for Litecoin is still above 50, reflecting growing buying pressure and an upward trend. This technical indicator confirms the bullish scenario.
Key Factors Affecting LTC Price
- U.S. Federal Reserve interest rate policies
- Global inflation trends
- Trade tensions between the U.S. and China
These macroeconomic drivers may have a significant influence on Litecoin's short-term price action.
Trading Strategy for Investors
Investors are recommended to keep a close eye on these support levels:
- $84
- $81
- $75
On the upside, a breakout above $100 with confirmation could lead to new highs.
Also Read: How to Buy SuperVerse (SUPER) Crypto in 2025: Step-by-Step Guide
Conclusion
If approved, the Litecoin ETF would be a major game-changer for both LTC and the overall altcoin market. It could help bring more institutional interest, rising prices, and mainstream acceptance to Litecoin. For investors and traders, this is a tactical window that can provide large rewards if timed right.