LTC News: SEC Postpones Decision on Crypto ETFs Including Litecoin, Doge, Solana, and XRP

In a recent development, the US Securities and Exchange Commission (SEC) has delayed its decision on approving several crypto exchange-traded funds (ETFs), specifically targeting Litecoin, Doge, Solana, and XRP. This move has raised questions and concerns among investors and market analysts.

SEC Delays Decision on Litecoin, Doge, Solana, and XRP ETFs

The US Securities and Exchange Commission (SEC) has delayed its decision to approve several crypto exchange-traded funds (ETFs), including Litecoin, Doge, Solana, and XRP. In filings published on March 11, the SEC issued a “Notice of Designation of a Longer Period” to determine the outcome of proposed rule changes. Nasdaq and the Chicago Board Options Exchange (Cboe) had filed for these ETFs. Bloomberg ETF analyst James Seyffart commented that this delay is standard procedure, and noted that ETF applications are on the rise as investor interest continues.

Litecoin (LTC) Nears Support: Potential Bullish Reversal

Litecoin nears key support at $84-$90, signaling a potential shift in momentum for a bullish reversal. A breakout above the descending trendline could push Litecoin toward $112, confirming buyer control. If Litecoin surpasses $112, the next targets are $138 and $160, signaling a full bullish trend reversal.

Litecoin Sets New Global Record on BitPay

Litecoin (LTC) has scored a new global record on BitPay, retaining its position as the most used cryptocurrency on the platform for the past six months. LTC accounted for 34.28% of all transactions, processing 79,502 payments out of 234,874. Bitcoin came in second with 27.24%, followed by Ethereum at 10.94%. Other cryptocurrencies like Bitcoin Cash, Dogecoin, Polygon, USDC, and USDT also showed popularity on BitPay.