Litecoin price is up today after the SEC acknowledged Canary Capital’s spot LTC ETF application within two weeks of its initial filing on Jan. 16.
Litecoin (LTC) price surged by 15% on Jan. 30 after a positive development surfaced with regard to Canary Capital’s spot LTC ETF filing. The altcoin reached an intra-day high value of $134, forming a bullish engulfing candle over the previous 11 days.
Litecoin 1-day chart. Source: Cointelegraph/TradingView
According to James Seyffart , Bloomberg ETF analyst, the US Securities and Exchange Commission (SEC) has taken Canary Capital’s spot LTC ETF 19-4b application under consideration. The spot LTC ETF was initially filed on Jan. 16, which also caused a positive price action for the altcoin.
Read more,# Litecoin Prices Soar: SEC Acknowledges ETF Application!
## Key Points:
– 🔥 **Litecoin Rally:** LTC price jumped 15% to hit an intra-day high of $134, bringing cheer to altcoin aficionados.
– 📅 **ETF Filing:** The excitement stems from the SEC acknowledging Canary Capital’s spot LTC ETF application just two weeks after its filing.
– 🧐 **Official Word:** James Seyffart, a Bloomberg ETF analyst, informs us that the SEC is considering the application – because they were undoubtedly waiting for some Litecoin drama.
– 📈 **Bullish Trend:** This bullish engulfing candle indicates that the last weeks of bearish vibes are trying to pack their bags and leave.
## Hot Take:
Looks like the Litecoin party is just getting started, and who doesn’t love a good ETF news dance? Time to grab your party hats and LTC because this coin is riding the bullish wave harder than a surfer on a summer’s day! 🌊 Let’s hope it doesn’t wipe out!
#Litecoin #ETFs #CryptoParty #BullishVibes
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#Litecoin, #ETFs, #CryptoParty, #BullishVibesOriginal article: https://cointelegraph.com/news/why-is-litecoin-price-up-today?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
