Litecoin (LTC) has experienced a significant rise in price, reaching $136 and gaining 28% in the past week. This increase is attributed to crypto investors anticipating the approval of a Litecoin exchange-traded fund (ETF) by the Securities and Exchange Commission (SEC). The odds of an SEC approval have risen to 88%, benefiting companies like Grayscale, Canary, and Coinshares that have applied for a Litecoin ETF. The SEC's previous approval of Bitcoin funds is seen as a positive indicator for the likelihood of a Litecoin ETF approval. However, altcoin ETFs, including Litecoin, may struggle to attract significant inflows from Wall Street investors. The LTC price chart suggests that further upside potential could be confirmed if it surpasses the resistance level at $146.95.



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