The Litecoin exchange-traded fund (ETF) developed by Canary Capital made progress toward approval when it registered at Depository Trust and Clearing Corporation under the ticker LTCC.
The DTCC listing shows the fund is ready to launch as soon as it wins SEC approval. Canary Capital launched its Litecoin ETF application on October 14, 2024 and entered a packed market when competitors Grayscale and CoinShares already operated in it.
According to industry insiders Canary will most likely be the first company to receive SEC approval for its application. The company updated its SEC filing in January 2025 to demonstrate its strong commitment to start trading the product.
CFTC Classification Simplifies Litecoin’s ETF Approval Process
According to experts Litecoin holds a better market position than other digital cryptocurrencies because official regulators approve it. Because the CFTC views Litecoin as a commodity it makes the application process simpler than for digital assets that must deal with SEC legal action like XRP.
Latest DTCC listing news on X platform make Eric Balchunas and James Seyffart from Bloomberg ETF firm more confident about their 90% prediction for Litecoin ETF launch before 2025 ends.
Doesnt mean it’s approved or ready to start trading, but it does show the issuer is making preparations for when it is. We still at 90% odds. $LTCC https://t.co/ugQgsO9fIB
— Eric Balchunas (@EricBalchunas) February 21, 2025
Grayscale advances its ETF goals by attempting to transfer its current Grayscale Litecoin Trust (LTCN) into a spot ETF. Its initiative follows the same modeling as when it launched the Bitcoin Trust as an ETF earlier this year.
People in the crypto market show positive reactions to Canary Capital’s ETF advancements. Litecoin (LTC) shows price strength by reaching $133 at the moment. Its trading value increased 2% within 24 hours. Since October 2024 when the ETF submission occurred Litecoin achieved a 100% market value increase based on CoinMarketCap data.
Litecoin at a Critical Price Point: Breakout or Pullback?
The market technical indicators show that Litecoin will keep its value increases. The RSI shows 60 on its scale which confirms strong market momentum right before traders begin to consider overvaluing Litecoin. Litecoin shows expanding price fluctuations as it hits the $141 upper band which may trigger market stabilization or downward movement until it passes through notable resistance levels.
The crypto analyst Crypto TA King analyzes Litecoin on his social media platform and notices rising wedge patterns on the chart. He tells traders to track upper trendline resistance because if LTC breaks through it may reach $155-$160 although it may market shift downward short-term.
Litecoin’s price hangs on an important point because it must break through $140 resistance or hold onto $125 support before continuing its path. If Canary Capital gets SEC clearance for their spot ETF traders expect Litecoin will reach new high prices because of institutional buying pressure.
$LTC CHART 📊
Moving in a Rising wedge channel so keep an eye on upper trendline pic.twitter.com/trTUeCy9sV
— Crypto TA King (@CryptoTA_King) February 21, 2025
The analysts predict high success chances for Litecoin ETFs to be approved before year 2025 concludes. The market indicators indicate price swings might occur but strong resistance at $140 will determine LTC’s movement. When this resistance level gets broken Litecoin will rise to $155-$160 and establish itself further as a valid investment choice in crypto ETFs.
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