{"id":24794,"date":"2025-05-01T20:34:39","date_gmt":"2025-05-01T20:34:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24794"},"modified":"2025-05-01T20:34:39","modified_gmt":"2025-05-01T20:34:39","slug":"litecoin-surges-7-as-sec-likely-to-approve-spot-etf-with-90-odds-analyst","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24794","title":{"rendered":"Litecoin Surges 7% as SEC Likely to Approve Spot ETF with 90% Odds: Analyst"},"content":{"rendered":"<div>\n<p>Litecoin (LTC) price surged more than 7% on Thursday, outperforming the broader market gauge CoinDesk 20 Index, which climbed about 4%. <\/p>\n<p>Bloomberg Senior ETF Analyst Eric Balchunas reports that spot Litecoin ETF approval chances have surged to 90%, with a decisive deadline of October 2nd that could dramatically broaden LTC&#8217;s institutional investor base and potentially catalyze significant price appreciation.<\/p>\n<h2>Technical Analysis Highlights<\/h2>\n<ul>\n<li>LTC-USD exhibited significant volatility with a 7.51% range ($81.82-$88.03), establishing strong support around $84.00, according to CoinDesk Research&#8217;s technical analysis data model.  <\/li>\n<li>Price action formed an ascending channel with successful reclamation of the $86.00 level in the most recent 48 hours. <\/li>\n<li>Strong buying interest appeared during the recovery phase, with accumulation at key Fibonacci retracement levels. <\/li>\n<li>Current momentum suggests potential continuation toward $88.50 resistance, with $85.50 serving as validation support. <\/li>\n<li>In the last 100 minutes of trading, LTC recovered from mid-$86 range to above $87.19 after forming a higher low at $86.36. <\/li>\n<li>Particularly strong buying interest occurred during 14:14-14:17 UTC period when LTC reclaimed the $87.00 psychological level. <\/li>\n<li>The final hour showed increasing momentum with consecutive higher highs and higher lows, closing at $87.19 just below $87.25 resistance. <\/li>\n<li>A bullish price structure combined with declining selling pressure suggests potential continuation toward $88.00 if $87.00 in support holds.<\/li>\n<\/ul>\n<p>Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to <a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see <a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk\u2019s full AI Policy<\/a>. This article may include information from external sources, which are listed below when applicable.<\/p>\n<p>External References:<\/p>\n<ul>\n<li>Cryptopolitan, <a href=\"https:\/\/www.cryptopolitan.com\/litecoin-price-prediction\/\"><em>Litecoin Price Prediction 2025-2031: Will LTC Recover to $200 Soon?<\/em><\/a>, published April 30, 2025.<\/li>\n<li>Bitcoinist, <a href=\"https:\/\/bitcoinist.com\/bitcoin-nears-golden-cross-as-mvrv-ratio-builds-momentum-is-a-breakout-coming\/\"><em>Bitcoin Nears Golden Cross as MVRV Ratio Builds Momentum \u2013 Is a Breakout Coming?<\/em><\/a>, published April 7, 2025.<\/li>\n<li>Invezz, <a href=\"https:\/\/invezz.com\/news\/2025\/04\/30\/solana-and-litecoin-etf-approval-odds-are-very-high-says-bloomberg-analyst-balchunas\/\"><em>Solana and Litecoin ETF Approval Odds Are Very High, Says Bloomberg Analyst Balchunas<\/em><\/a>, published April 30, 2025.<\/li>\n<li>BitcoinWorld, <a href=\"https:\/\/bitcoinworld.co.in\/litecoin-solana-etf-odds\/\"><em>Litecoin ETF and Solana ETF Approval Odds Skyrocket: Bloomberg Analysts Predict Astonishing 90% Chance<\/em><\/a>, published April 30, 2025.<\/li>\n<li>Coinpedia, <a href=\"https:\/\/coinpedia.org\/news\/litecoin-solana-xrp-among-top-crypto-etfs-set-for-2025-approval\/\"><em>Litecoin, Solana, XRP Among Top Crypto ETFs Set for 2025 Approval<\/em><\/a>, published April 30, 2025.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin (LTC) price surged more than 7% on Thursday, outperforming the broader market gauge CoinDesk 20 Index, which climbed about 4%. Bloomberg Senior ETF Analyst Eric Balchunas reports that spot Litecoin ETF approval chances have surged to 90%, with a decisive deadline of October 2nd that could dramatically broaden LTC&#8217;s institutional investor base and potentially [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24794","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24794"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24794\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}