Litecoin's price has surged by over 12% as expectations for the approval of a spot ETF by the SEC grew. The odds of approval for a Litecoin ETF have increased to 86%, signaling that many believe the approval will happen later this year. However, there is a risk that institutional investors may not show much interest in a Litecoin ETF, as they are primarily focused on Bitcoin funds. The price of Litecoin is expected to rise further as traders anticipate increased institutional demand. The weekly chart shows that Litecoin's price has been consolidating and is currently slightly above a key support level. If the bullish outlook holds, Litecoin could see a potential 100% gain from current levels, but a drop below the psychological support level of $100 would invalidate this outlook.



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