Key notes
- LTC daily negotiation volumes jumped from $ 553 million to $ 553 million, investors considering $ 81.54 as a potential level of support for a recovery.
- The popular Crypto Patecin popular analyst sees Litecoin in his “best accumulation zone” between $ 65 and $ 85, with a short -term goal of $ 250.
- The United States SEC requests public comments on compliance standards for Litecoin ETF, with comments due to the end of the month.
Litecoin
Thal
$ 90.41
24h volatility:
7.5%
COURTIC CAPESSION:
$ 6.86 B
Flight. 24 hours:
$ 432.71 M
Price received almost 6% earlier in the day after the American Securities and Exchange (SEC) commission announced its intention to delay the approval of Canary Funds Litecoin Etf more.
As a result, the SCL price has undergone high sales pressure, currently a merchant 5.97% to $ 82.38, its daily negotiation volumes increasing by $ 553 million. Despite today’s prices action, investors still do not lose hope, while expecting LTC to find solid support at $ 81.54, and sets up rapid recovery from there.
As shown in the image below, if the LTC price reverse its trajectory from this level of support, it could implement a recovery at $ 148.
$ Ltc Prepare to hover!
Level of support: $ 81.54
Target price: $ 148.80A strong rebound in the level of support could trigger a massive rally! Keep an eye on the LTC graphic for a potential break! #LTC #Crypto #Bullish pic.twitter.com/btpfmdkuv
– Alts King 👑 (@zabialtsking) May 6, 2025
The popular analyst of Crypto Crypto Patel said that LTC came out of its long -standing resistance line, while alluding to an upward potential movement.
He thinks that currently, Litecoin flirts in the “best accumulation zone” between ~ $ 65 and $ 85. Interestingly, the analyst gave a short -term price target of $ 255 and $ 500.
$ Ltc Macro Breakout – The next incoming leg?#Litecoin Confirmed a break above its multi-year resistance line after keeping the best accumulation area for months!
🔸 Taken support: ~ $ 65
🔸 accumulation zone: ~ $ 85 – $ 65
🔸 Short -term objective: $ 255 / $ 500
🔸 Long -term target:… pic.twitter.com/wrfb0bpqt0– Crypto Patel (@Cryptopatel) May 4, 2025
Litecoin ETF approval is delayed, what is the next step?
On Monday, May 5, the SEC announced its decision to postpone the proposal of Canary Funds Litecoin Etf, which appeared very well on the expected lines.
The securities regulator now requests public comments and comments focused on whether the ETF proposal is in accordance with key regulatory standards, in particular those to prevent market fraud and manipulation.
According to the file, public comments are due to May 26, 2025, while refutations to comments occur by June 9, 2025. The delay highlights the prudent approach of the agency in terms of financial products linked to cryptocurrency and its commitment to ensure the protection of investors.
In addition, the American Sec also delayed its decision on other FNB Crypto, including that of Solana
GROUND
$ 150.7
24h volatility:
2.6%
COURTIC CAPESSION:
$ 78.04 B
Flight. 24 hours:
$ 3.80 B
Xrp
Xrp
$ 2.22
24h volatility:
0.8%
COURTIC CAPESSION:
$ 129.99 B
Flight. 24 hours:
$ 2.17 B
and others. Market experts do not consider this delay as a major concern, but just a sign of a more in -depth assessment.
“I would not read too much on the DEF late decision on the Litecoin ETF spot of Canary … The new SEC commissioner swore two weeks ago. Must get his feet wet. Always think that the vast majority of existing Crypto ETF deposits will be approved before the end of the year, if not earlier,” said the president of the ETF store, Nate Geraci.
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Bhushan is a fintech enthusiast and has a good flair in understanding the financial markets. Its interest in the economy and finance draws its attention to the new technology of emerging blockchain and the markets of cryptocurrencies. He is permanently in a learning process and motivates himself to share his acquired knowledge. In free time, he reads fiction novels to thriller and sometimes explores his culinary skills.
