Litecoin (LTC) has experienced a significant price surge of over 20% in the past week, making it one of the top gainers among the top 20 cryptocurrencies. This surge is attributed to expectations of a potential Litecoin exchange-traded fund (ETF), following updates on crypto-related ETF applications by the U.S. Securities and Exchange Commission (SEC). The SEC has acknowledged the filing for a spot Litecoin ETF, marking it as the first beyond Bitcoin (BTC) and Ethereum (ETH). If Litecoin ETFs are adopted at the same rate as Bitcoin ETFs, it could result in inflows of up to $580 million for LTC. After days of consolidation, Litecoin has surpassed the daily SMA 50 level and is targeting the $135 to $150 zone, while major support is expected at the daily SMA 200 at $85.73.



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