The post Litecoin (LTC) Targets $200 on 90% ETF Approval Odds appeared on BitcoinEthereumNews.com.

While the chances of Litecoin ETF approval from the Securities and Exchange Commission nears 90%, Litcoin is showing strong bullish momentum as the cryptocurrency has surged to $124.98 with a 21% hike in a week.                                                                                                      (Source: Ali on X) According to the prominent crypto analyst, Ali, LTC is heading toward the breakout mark at $141. While the price has been climbing steadily, a decisive close above the critical $141 resistance level will confirm a bullish trend. If the cryptocurrency breaks this barrier, it could “open the path toward $170–$200.” Yes, #Litecoin $LTC is gaining momentum, but a clear breakout is key. A sustained close above $141 could open the path toward $170–$200. Wait for confirmation! pic.twitter.com/3KZM5mIGXu — Ali (@ali_charts) February 11, 2025 At the time of writing, LTC is trading at around $123 with a market capitalization of $9.31 billion and a circulating supply of 84 million tokens, according to CoinMarketCap. Litecoin ETF Approval Odds Hit 90% Analysts James Seyffart and Eric Balchunas have recently shared their predictions on the likelihood of various altcoin exchange-traded funds (ETFs) securing approval from the U.S. SEC. Their rankings have sparked a surge in certain cryptocurrencies, with the LTC leading the pack. “Litecoin leads w 90% chance,” according to Eric Balchunas.  The report states that the SEC has formally considered Canary Capital’s application for a spot Litecoin ETF, concluding the first step in a lengthy review process. Filed on Jan. 16, Canary’s ETF is expected to become the first altcoin ETF after Bitcoin and…

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Filed under: News - @ February 11, 2025 5:19 pm