LTC News: Litecoin Poised for Strong Price Upmove Amid Institutional Investment Surge

Litecoin, renowned for its efficient and cost-effective blockchain network, has captured the attention of institutional investors recently, leading to speculations about its potential price surge. Here’s a closer look at the latest developments surrounding LTC.

Best Meme Coins: Litecoin (LTC) Poised for Strong Upmove

Litecoin, known for its cheaper and faster blockchain network, is widely used for payments and remittances. Institutional investors have significantly increased their holdings, hinting at a potential market upmove. Analyst Ali Martinez reported that whales bought over $43M worth of LTC in just two days. The token is currently trading within a broad range, and a strong hold above $98 could see it rise to $135. LTC is also supported by the 200 EMA, further confirming its bullish outlook.

SEC Delays Decision on XRP, Solana, and Other Altcoin ETF Applications

The SEC has delayed approval for six different ETFs based on Solana, XRP, Litecoin, and Dogecoin. This comes after acknowledging fresh applications from several potential issuers and setting deadlines for approval or rejection. The SEC has been undergoing many changes recently, prompting a wave of altcoin ETF applications.

SEC Delays Approval of Multiple Cryptocurrency ETFs Until 2025

The SEC has delayed the approval of ETFs for XRP, SOL, LTC, ADA, and Doge until May 2025. Investors hoping for a quick green light will now have to wait until then to find out if these applications will be approved, rejected, or further delayed. The SEC cited the need for more time to review the proposals as the reason for the extension.