The approval of a potential Litecoin exchange-traded fund (ETF) has led to a bullish momentum for Litecoin (LTC), as data from IntoTheBlock shows that approximately 80% of addresses in the Litecoin network are profitable. This positive trend comes as the U.S. Securities and Exchange Commission (SEC) received an amended filing for a LTC ETF, leading many to believe that approval may be imminent. Market analysts predict that if an LTC ETF is approved, it could lead to increased adoption from institutional investors and a surge in cryptocurrency prices. However, despite the positive sentiment, Litecoin is currently facing pressure in its daily chart, experiencing a 6.9% decline within the last 24 hours. Nonetheless, LTC has shown significant growth in the past week and month, indicating the potential for further upticks in the short and long term.



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