Litecoin Nears Resistance as ETF Approval Awaits SEC Decision
Litecoin (LTC) Market Update
- Litecoin is trading around $120, gaining 10% over the past week amid ETF launch optimism.
- A crucial resistance zone at $132 has historically capped rallies since 2023.
- Analysts warn of a potential correction if LTC fails to break through this level, targeting supports at $100, $85, and $51.
ETF Approval Progress
- Canary Capital has submitted an updated S-1 filing for its Litecoin ETF (LTCC), including a 0.95% sponsor fee.
- The ETF may launch after the US government shutdown ends, with Polymarket data showing a 98% probability of approval.
- The launch could increase altcoin adoption by providing exposure beyond Bitcoin and Ethereum.
LTC Price Analysis
- LTC is forming an ascending triangle on the daily chart, indicating potential bullish momentum.
- Momentum indicators show early signs of a bullish crossover, but caution is advised as Chaikin Money Flow remains neutral.
- A breakout above $145 could lead to a rally toward $200, while failure could result in a drop to $50.
SUBBD Project Overview
- SUBBD aims to revolutionize the content subscription industry with an AI-powered, tokenized platform.
- The platform offers Web3 tools for creators and exclusive experiences for fans within a secure blockchain ecosystem.
- Selling its SUBBD tokens, the project has raised over $1.24 million during its presale.
- Key details: Current price - $0.056625, Network - Ethereum.
