Nasdaq Files to List CoinShares XRP and Litecoin ETFs
Nasdaq has filed 19b-4 forms with the SEC to seek approval for two new crypto exchange-traded products (ETPs) from CoinShares: the CoinShares XRP ETF and the CoinShares Litecoin ETF. These products aim to provide investors direct exposure to XRP and Litecoin.
Key points include:
- Litecoin's price increased by 9% in 24 hours following the announcement.
- LTC has risen 16% over the past week, currently trading at $118.24.
- CoinShares plans to expand its presence in the U.S. market under a favorable regulatory environment.
- The Litecoin ETF could become the first altcoin ETF approved during Trump's administration.
- CoinShares previously submitted S-1 filings for these products.
Litecoin Technical Analysis
Litecoin has reclaimed the 20-day Exponential Moving Average (EMA), gaining 10.59% on February 10th. A breakout with strong volume is confirmed, and a successful retest of the EMA may lead to higher prices.
The Relative Strength Index (RSI) stands at 55.93, indicating bullish momentum. The MACD indicator shows potential for a bullish divergence, with resistance levels between $130-$140 being targeted.
Source: TradingView