🚀 Canary Capital’s Litecoin ETF could receive the Security and Exchanges Commission’s approval soon. 🚀

🦁 Don't Miss Opportunity 🚀 SPOT SIGNAL 🔥 BUY NOW & HODL 💰 #SPOTCALL 🔥🔥🔥

🚀🔥 “We had heard chatter that the Litecoin S-1 had gotten comments back from the SEC. This looks to confirm that, which bodes well for our prediction that Litecoin is most likely to be the next coin approved.” – Eric Balchunas 🚀🔥

🚀 ETF analyst Balchunas believes a Litecoin ETF will be the next approved fund.

🔥 In October 2024, Canary Capital submitted an S-1 form filing for its LTC ETF. On Wednesday, the firm submitted an amended S-1 filing to the commission, effecting the proposed amendments made by the regulator.

🚀 ETF analyst James Seyffart believes the amended S-1 filing signals the SEC’s engagement with the filing. However, he claimed that a 19b-4 filing would be the ideal hint that the regulator will approve the LTC ETF.

🔥 Eric Balchunas, Senior ETF analyst at Bloomberg, expects the Litecoin ETF to be the next SEC’s approved fund.

🔖 Litecoin price eyes 30% gains :

Litecoin’s gains today are part of a breakout move emerging from its prevailing descending triangle pattern.

Descending triangles during uptrends are typically considered bearish reversal patterns. But, in some cases, they signal bullish continuation trends if the price breaks above their upper trendlines.

On Jan. 15, LTC broke above the triangle’s upper trendline while accompanying rising volumes.

As a rule of technical analysis, the cryptocurrency can now rise by as much as the descending triangle’s maximum height, thus eyeing $157 as its upside target by February, or 32% gains in the coming weeks.

- 
‍#LTC   #LITECOIN  #BTC   #ETH