Is a Litecoin ETF on the way? Lunex Network, Solana could still remain better investments
The post Is a Litecoin ETF on the way? Lunex Network, Solana could still remain better investments appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Litecoin’s ETF hype faces bearish signals, while Lunex Network’s DeFi protocol surges 425%, drawing investor interest. Litecoin’s ETF hype is being threatened by bearish signals on the token’s daily chart, making analysts shift their focus to utility altcoins. Meanwhile, Solana’s recent DeFi activity has outperformed Ethereum by attracting millions in institutional investment, but LTC and SOL continue to battle bearish market trends. Amid this sentiment, Lunex Network’s next-gen DeFi protocol is gaining traction by changing cross-chain trading. As LNEX surges 425% during its presale, could it be the smartest crypto investment of 2025? Litecoin price action remains bearish despite ETF approval speculations Litecoin could become the third cryptocurrency to get a US spot-ETF. The SEC is already reviewing Canary Capital’s application for a Litecoin ETF, and market experts believe Litecoin’s ‘commodity’ status will help secure approval soon. Despite these optimistic speculations, Litecoin’s price action has turned bearish. At press time, Litecoin was selling for $129.84 following an intraday decrease of 4.2%. Litecoin’s trading volume increased to $1.54 billion, but the bearish signals on Litecoin’s daily chart suggest a possible sell-off. Since Litecoin’s MACD has formed a bearish crossover, Litecoin’s price could crash to the $100 support soon. Breaking below that level could trigger an even bigger selloff, bringing LTC’s price down to the $71 support. Solana outshines Ethereum in DeFi activity as its price faces resistance Solana experienced a record-breaking downfall throughout February, but analysts expect SOL’s price to make a massive comeback in March. The Solana network has gradually grown to a DeFi hub, backed by the mainstream adoption of its meme coins. Despite the bearish price action, the Solana network recorded a DEX volume of $258 billion…
Filed under: News - @ February 22, 2025 12:12 pm