An unconfirmed rumor began to circulate online about potential institutional interest in the Litecoin ETF.
Allegedly, the SEC may approve it due to its similarity to BTC 💰
Indeed, after all$LTC this is almost an exact copy$BTC and all new updates are first tested on the Litecoin network and only then the update is released on the Bitcoin network.
And most importantly, the creator of the coin, Charlie Lee, sold all of his holdings in 2017, justifying this so that there would be no influence on the coin in the future.
🔍 More than 97% of the coin issue is in wallets with a balance of up to $1000. That is, there is absolutely no manipulator in the coin that would move the price wherever it wants, which is why the volatility in the coin is very low.
In fact, with such input, the chances of ETF adoption for this coin are very high.
Given the huge demand for the world's first crypto Bitcoin ETF, we are 100% confident that more and more new ETFs for different crypto coins will appear in the future.
🕯 What are the growth prospects for LTC?
Previously, we posted a large review of this coin with its prospects👉Recall
Congratulations to everyone who then bought this coin at $67 and continues to hold it.
You bought the very bottom and you will never see such prices in the future.
And those without a position should not be upset. In fact, the coin hasn’t even started to rise yet and is still trading somewhere near the bottom 🤫
Look at the chart of the coin.
As you can see, the coin has a long-term trend line (green line), under which the coin has not wanted to fall for more than 5 years.
In fact, over the long term, the coin grows in price due to the tokenomics built into it, like Bitcoin.
🚀 To start full-fledged growth, the coin needs to break through and gain a foothold above the key level of $105.
Below, reinforced concrete support has already been formed in the form of moving averages, profile volume and long-term trend.
Technically, the coin looks simply great and you can safely take it even at current prices.
And if the topic of ETFs continues to be promoted in the media, then nothing will stop the growth of the coin.
We boldly set a minimum growth target of $400 in the medium term.
Further update of highs and continued growth 📈
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