Litecoin ETF Decision in Pridor within May 5

American securities and exchange is expected to make a decision soon on the proposed Litekoin Exchange Fund that submitted a Canary capital.

From 5. Maja, Sekin is a deadline for decision, the capital report was not delayed. Unlike other applications related to crypto, which have seen more delay, this raises speculation about the potential early response.

Bloomberg ETF Analyst James Seiffart noticed an unusual time time in the post in X, pointing out that SEC had already moved delay Several applications, but not this one. “If any property has the option of early approval, it is Litecoin,” he said, although he still considers the delay more likely.

Litekoin (LTC) The ETF proposal was submitted on 16. January to Native’s 19B-4 processes, which allows the exchange to request changes for the list of new products. Sex, under the Children’s President Mark Uyeda officially recognized Setup 29 January, launch a formal audit process. This step was a key milestone, because previous leadership was discouraged past attempts to initiate ETF related to smaller cryptocurries.

From 5. Maja, Litecoin trades about $ 87, with a slight increase of 0.9% compared to the previous day and almost 10% compared to the previous two weeks. The daily shows a permanent recovery from April Pads, with a price held above the 50-day moving average to $ 82.87. The relative strength index is 56, indicating space for instintions upcoming without transmission, while Bollinger bands spread, indicating growing volatility.

The volume is constant, but moderate, showing that it is current interest in contrast to the transient hype. Support levels are close to 82 and 78 USD, and close to the resistance to $ 90 can mark a strong trend reversal. Although the outcome is still unknown, Litecoin’s market can be improved if ETF has been approved. Merchants watch that SEC move closely.