DeFI News by Thebittimes.Com

Litecoin (LTC) is experiencing a surge over the last 24 hours amid the SEC beginning its review process for several crypto ETF filings. Indeed, The SEC has acknowledged CoinShares’ filings to list XRP and Litecoin ETFs on Nasdaq. This is one of several crucial steps towards approval and overall regulation of the crypto industry. LTC traded as much as 10% higher on Wednesday and currently sits at over $135. Litecoin (LTC) was one of the earliest cryptocurrencies to enter the market. Despite its popularity and growth rate back in the day, LTC took a backseat during the last few years. The altcoin was sidelined as the market welcomed a plethora of new assets. This, however, did not stop the asset from making a comeback. The news of a Litecoin exchange-traded fund (ETF) garnering approval has put LTC under the spotlight. Now, the LTC ETF is a step closer to approval, sparking positive price momentum. SEC Begins LTC ETF Review Process The SEC will open a 21-day public comment period for the...

Litecoin (LTC) stands at a crossroad, its resilience tested by the bearish market tide. Beneath the surface, LTC’s fundamental strength and growing adoption hint at a potential resurgence. Can it awaken a sleeping giant and reach $118? LTC Key Statistics Current Price: $98 Market Cap: $7.40 billion Trading Volume (24h): $447.9 million Circulating Supply: 4 million LTC Total Supply: 84 million LTC CoinMarketCap Ranking: #23 Amid a broader market downtrend that has cast its shadow for some time, Litecoin (LTC) has retreated 24.81% from its 30-day high and 16.09% from its 7-day peak. Yet, even in this challenging environment, LTC has managed to ascend 12.41% from its 30-day low and inch up 0.33% from its weekly bottom, showcasing its resilience in turbulent times. LTC/USD Market Key Levels Resistance: $105, $110, $118 Support: $92, $85, $80 LTCUSD – Daily Chart The LTCUSD daily chart portrays a gloomy landscape, with Litecoin currently trading at $98, down...