The post Litecoin nears make-or-break level as LTC ETF odds soar appeared on BitcoinEthereumNews.com.

Litecoin continued rising as crypto investors raised their odds that the Securities and Exchange Commission will approve a spot ETF this year. LTC ETF odds are rising Litecoin (LTC) rose to $136 on Sunday, a few points below the crucial resistance level at $146, its highest point in 2024. It has jumped by 28% in the last seven days, making it the second-best-performing top-100 coin after PancakeSwap (CAKE). Polymarket data shows that most participants expect the SEC to approve a spot LTC ETF in 2025. The odds have risen to 88% from this year’s low of 42%. These odds will benefit companies like Grayscale, Canary,  and Coinshares that have applied for a Litecoin ETF.  LTC ETF odds are rising | Source: Polymarket The chances of this approval are high because Litecoin is a proof-of-work cryptocurrency that emerged from a Bitcoin (BTC) hard fork. Its main difference from Bitcoin is on the maximum supply. Bitcoin has a supply limit of 21 million, while Litecoin has 84 million.  Therefore, the SEC has no good reason to reject a spot LTC ETF since it already approved Bitcoin funds in 2024. These funds have become highly successful, attracting net inflows of over $40 billion. Blackrock’s Bitcoin ETF has over $57 billion in assets, while Fidelity’s FBTC has $20 billion. The SEC has derailed some crypto ETFs in the past because it viewed many of them as unregistered securities. This explains why it approved spot Ethereum (ETH) ETFs without the staking feature.  The SEC may change this view and approve ETFs of other popular cryptocurrencies like Solana, Ripple, and Dogecoin. The main challenge for Litecoin and other altcoin ETFs is that they may struggle to attract substantial inflows from Wall Street investors. For example, Ethereum ETFs have only attracted about $3.1 billion in inflows since…

---

Filed under: News - @ February 16, 2025 12:17 pm