LTC News: Litecoin ETF Filing Gains SEC Attention, Outpacing Solana and XRP

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged Canary Capital’s Litecoin [LTC] ETF filing, marking a significant step forward in the expansion of cryptocurrency-based exchange-traded funds. This development positions Litecoin ahead of competitors like Solana and XRP in the race for ETF approval.

Litecoin ETF could be filed before Solana, XRP – Here’s why

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged Canary Capital’s Litecoin [LTC] ETF filing, marking a potential milestone in the expansion of crypto-based exchange-traded funds. Under the leadership of Acting Chairman Mark Uyeda, the SEC began reviewing the 19b-4 application submitted by Nasdaq on 29th January. Bloomberg ETF analyst James Seyffart confirmed the development, noting that this filing could pave the way for Litecoin to become the first altcoin outside of Bitcoin [BTC] and Ethereum [ETH] to receive ETF approval in 2025. If approved, this move could signal broader regulatory shifts and optimism for altcoin ETF approvals.

XRP Predictions, LTC Updates, and Market Highlights: Bits Recap for January 31

Ripple (XRP) holds strong above $3, with analysts eyeing a new ATH in the near future. Litecoin experienced a substantial revival, boosted by the SEC’s acknowledgment of a potential spot LTC ETF. Targets range up to $350. Bitcoin (BTC) has fluctuated between $98K and $106K, recently rebounding after Jerome Powell’s FOMC speech. One popular analyst suggests the price could reach over $184K before the current cycle ends.

Altcoins LINK, AVAX and LTC Price Prediction: Double-digit gains ahead

Chainlink price bounced off the key support level at $22.56, suggesting a rally ahead. Avalanche price found support around its 61.8% Fibonacci retracement at $32, gearing up for a surge. Litecoin price held its 50-day EMA at $112, heading toward a potential rally. Altcoins Chainlink (LINK), Avalanche (AVAX) and Litecoin (LTC) prices found support around key levels earlier this week. Their technical outlook shows a bullish picture and hints at double-digit gains ahead. Chainlink bulls aiming for levels above $30. Chainlink price retested, found support around the weekly support level of $22.56 on Tuesday, and rallied 8.13% until Thursday. This level coincides with two important support levels: the 50-day Exponential Moving Average (EMA) and the 38.2% Fibonacci retracement (drawn from the August 5 low of $8.08 to...