LTC Soars 7% Amid SEC’s 90% Probability for Spot ETF Approval

Litecoin (LTC) has surged by 7%, outperforming the broader cryptocurrency market, as expectations grow for the SEC’s approval of a spot ETF. Bloomberg analyst Eric Balchunas now estimates a 90% chance of approval by the October 2nd deadline, a move that could significantly boost institutional demand. Technical indicators reveal LTC establishing strong support at $84 after a period of volatile trading.

Litecoin Surges 7% as SEC Nears Spot ETF Approval with 90% Probability

Litecoin (LTC) outpaced the broader cryptocurrency market with a 7% rally, coinciding with heightened expectations for regulatory approval of a spot ETF. Bloomberg analyst Eric Balchunas now assigns a 90% likelihood to SEC approval by the October 2nd deadline, a development that could unlock substantial institutional demand.

Technical indicators show LTC establishing firm support at $84 after volatile trading between $81.82 and $88.03. The asset has formed a clear ascending channel, with bulls successfully defending the $86 level during recent consolidation. market depth analysis reveals accumulating buy-side interest during price recoveries.

Litecoin Price Prediction: Is Now a Great Opportunity to Buy LTC?

Litecoin has mirrored Bitcoin’s price action over the past month, showing signs of a gradual bullish breakout. Institutional interest is growing amid speculation about potential spot Litecoin ETF approvals in the U.S.

The recent surge in Bitcoin’s price past $95.5k has reignited altcoin speculation, with Litecoin leading the charge. After years of consolidation, LTC’s 14% two-week rally to $87.38 signals shifting market sentiment.

Weekly charts reveal Litecoin respecting a rising logarithmic trend, suggesting sustained momentum. The altcoin’s performance continues to hinge on broader crypto market movements and regulatory developments.

Crypto Space to Get New ETF by May 5?

The U.S. SEC is poised to review more than 70 cryptocurrency ETF applications in 2025, building on last year’s landmark approvals for Bitcoin and Ethereum funds. Analysts anticipate a wave of altcoin ETF decisions beginning July 2, with Solana, XRP, and Dogecoin spot ETFs likely leading the charge.

Litecoin emerges as a potential dark horse in the ETF race. The SEC faces a May 5 deadline for its decision on Canary Funds’ LTC ETF proposal—the only crypto ETF filing not to receive a delay thus far. Bloomberg’s James Seyffart notes Litecoin may have stronger approval prospects than other altcoins, though regulatory hesitation remains probable.

October could see rulings on SOL, DOGE, XRP, and ADA ETFs, followed by additional decisions through year-end. This regulatory momentum reflects growing institutional acceptance of digital assets beyond the crypto blue chips.