Hey, guys,
there is FUD about possible institutional interest in Litecoin ETF, the logic is that due to the similarities between bitcoin and litecoin, SEC may approve LTC ETF even faster than ETH ETF, besides in the court case against Kucoin, LTC and ETH appear as commodities. I've been talking about the breakdown of the 80 level for a long time, and now there is an additional trigger to pump up this instrument. On the weekly chart we see a huge green candle, the lower boundary of which has been tested and is now rebounding, breaking the downtrend for an appetizer.
I am adding a little bit to my Litecoin position. Always DYOR.
Stay tuned.
