Crypto investment company Canary Capital has filed an S-1 application with the SEC to register a spot Litecoin-ETF.
Once upon a time, long ago, LTC was called “silver”, of course, after BTC - “gold”, giving more hope and prospects for #LTC than ETH at about the same price of $6-9 per coin :) And most crypto transactions in those days were made in the #Litecoin network because of its cheapness and reliability, not usdt. At the same time, in 2016-2018, #LTC and #BTC were mined together on ASIC (we don't know how it is now, write in the comments).
👀 BTC ETF - done, ETH ETF - done, LTC ETF is next? 🟢 LTC and BTC have the same cyclicality of halving rewards for a mined block 🟢 #Litecoin is a reliable blockchain that has been tested by time (since 2011) 🟢 SEC regulatory requirements may be very similar to the already passed “thorny path” of BTC ETF 🟢 LTC, like BTC, unlike ETH, has a limited issue many mined and “virgin” LTC are safely hidden in wallets and are waiting for their time to be sold at a very high price. 🔴 The only and big “minus” we see is the small capitalization of LTC. For a serious conversation with “big money”, you need to create a stir and pump up LTCUSDT price at least 10 times, then the #Litecoin marketcap will be $50+ billion
So, if you believe that LTC ETF will be the next one, it is a good idea to buy #LTC in the range of $60-70 with the prospect of growth to $225 (x3), and ideally to $700+ (x10) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.