Litecoin Price Analysis: What is the Latest Situation? - Don't forget to followđ„đ„đ„
#Litecoin bulls are strongly defending the $70 support as a new trend reversal begins.
#Fidelity Digital Assets added support for LTC, the third cryptocurrency after #Bitcoin and #Ethereumâ .Litecoin is eyeing a major rally to $100 as it wakes up from the mid-week correction.
The Litecoin Foundation shared a statement on Thursday highlighting that Fidelity Digital Assets has expanded its support for $LTC . Fidelity claims assets under management (AUM) to be over $12 trillion.
"We're excited to share that Litecoin can now be bought, sold and traded through Fidelity CryptoÂź. Litecoin is the third cryptocurrency offered by Fidelity @DigitalAssets â , alongside#bitcoinand #ethereum," Fidelity said in the statement.
Litecoin's support could set a precedent for spot exchange-traded fund ( #ETF ) approval in the US. Bitcoin ETFs were licensed in January this year, while Ethereum ETFs are expected to begin trading next week following preliminary approvals from the SEC.
Analysis of Litecoin's potential rally shows that it is likely to reach $100 in a few weeks. A major trend reversal from the $70 support is expected and LTC price is likely to close the gap to $80 by the weekend.
