Litecoin is close to the level of making or breaking like LTC ETF SOR

Litecoin continued to rise as encryption investors raised their possibilities because the Securities and Stock Exchange Committee will agree to the investment funds circulated this year.

Ltc Etf’s possibilities rise

Litecoin (LtcIt rose to $ 136 on Sunday, a few points from the decisive resistance level at $ 146, its highest point in 2024. He jumped by 28 % in the past seven days (((cake).

Polymarket The data indicates that most participants expect SEC to approve Spot LTC ETF in 2025. The possibilities rose to 88 % of the lowest level this year by 42 %. These difficulties will benefit companies like gray, CanaryAnd Coinshares applied for ETF Litecoin.

The chances of this approval are high because Litecoin is an encrypted currency that has emerged from the bitcoin currency (BTCA difficult thorn. Its main difference of bitcoin is the maximum supply.

The maximum work of bitcoin is 21 million, while Litecoin has 84 million.

Therefore, SEC has no good reason to reject the LTC ETF website because it has already agreed to Bitcoin boxes in 2024. This money became very successful, as it attracted net flows of more than $ 40 billion.

ETF has Bitcoin ETF ETF more than $ 57 billion, while FBTC’s FBBTC has $ 20 billion.

SEC has removed some investment funds circulating in the past because they have looked at many unregistered securities. This explains the reason for the approval of Spot Ethereum (Eth) Investment funds traded without the stokeing feature.

SEC may change this view and agree to the investment funds circulating from other famous cryptocurrencies such as Solana, Ripple and Dogoin.

The main challenge of Litecoin and other investment funds circulating in Altcoin is that they may struggle to attract large flows from Wall Street investors. For example, ETHEREUM ETFS only attracted about $ 3.1 billion of flows since its approval in September last year.

Technical analysis of Litecoin price

The weekly graph shows that the LTC price has been in a narrow range since 2022. The decisive level of resistance has recently turned at $ 113.38, the highest swing in 2023 and March 2024. This price was the upper side of the rising triangle style, which is a popular sign.

Litecoin also tries to cross the level of Fibonacci at 23.6 % at $ 130. Therefore, more bullish trend will be confirmed if it rises higher than the decisive resistance level at $ 146.95, the highest point in December.

The boom backed by the sound level above this level will indicate more gains, which are likely to be to the recovery level of 38.2 % at $ 185, which is the 38.2 % decline point, which is about 36 % higher than the current level.