Analysts Predict LTC Price Breakout Amid SEC ETF Delay
Litecoin (LTC) experienced a 27% increase this month, currently priced around $109. Analysts anticipate further upside despite a recent delay from the US Securities and Exchange Commission (SEC) regarding a spot Litecoin ETF approval.
LTC Price Predictions
- Analysts suggest if LTC maintains support above $108, it may rally to $115 or $120.
- A symmetrical triangle pattern on lower timeframes indicates a potential breakout; bullish momentum could follow a rise above $113.60.
- A drop below $103.40 may signal a bearish trend.
- A longer-term symmetrical triangle on the weekly chart could lead to a price rally toward $200.
SEC Delay on Spot ETF
The SEC has extended its review for Grayscale’s proposal to convert its Litecoin Trust into a spot ETF, with a new deadline set for October 10, 2025. This additional 60 days allows the SEC more time for scrutiny of crypto-based investment products.