Litecoin's price has experienced a significant surge, reaching its highest level in almost a month. This surge is attributed to hopes that the SEC will approve a spot LTC ETF by Canary Capital, as comments from the SEC suggest they may ultimately approve the fund. Analysts believe Litecoin has a higher chance of approval compared to other projects like Hedera Hashgraph and Solana. A Polymarket poll indicates that the odds of a spot LTC ETF approval have risen to 60%. While the SEC under Paul Atkins is expected to be more favorable towards crypto ETF approvals, it remains unclear if a Litecoin ETF would attract significant capital from institutional investors who prefer Bitcoin and Ethereum. The daily chart shows a parabolic rise in LTC price, with support from the 100-day moving average and positive indicators. Bulls are targeting the next key level at $146, representing an 18% increase from the current price.



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