Tag: Litecoin

Canary Capital files S-1 for Litecoin ETF

coiner

Asset manager Canary Capital has filed registration documents for a spot Litecoin (LTC) exchange-traded fund (ETF) with United States regulators, according to Oct. 15 documents. The filing is the latest in a proliferation of proposed ETFs holding alternative cryptocurrencies ahead of the US presidential election in November. Canary’s proposed ETF aims to hold spot LTC and closely track the performance of the CoinDesk Litecoin Price Index (LTX), according to the filings. Litecoin is a decentralized peer-to-peer digital currency often pegged as a faster, lower-cost alternative to Bitcoin (BTC) for small…

Read More

Canary’s amended S-1 has analysts more confident a Litecoin ETF is next

coiner

Canary Capital’s recently filed amended S-1 form for its Canary Litecoin exchange-traded fund (ETF) could signal the altcoin may be the next digital asset in the United States to get the crypto ETF treatment, following Bitcoin and Ether in 2024. According to analysts from Bloomberg, the filing from Canary Capital on Jan. 15 seemingly confirmed industry “chatter” that Litecoin applications are being reviewed by the securities regulator. “[This] bodes well for our prediction that Litecoin is most likely to be the next coin approved,” Bloomberg ETF analyst Eric Balchunas said…

Read More

Litecoin ETF has 90% chance to get SEC approval in 2025: Analysts

coiner

Bloomberg exchange-traded fund (ETF) analysts have tipped a 90% chance that the US securities regulator will approve a spot Litecoin ETF before the end of the year.  Bloomberg’s James Seyffart and Eric Balchunas see its chances of being approved in 2025 as higher than other ETFs currently proposed, including a spot XRP (XRP), Solana (SOL) and Dogecoin (DOGE) ETF — which they see as having a 65%, 70% and 75% chance respectively.  Litecoin (LTC), which was created as a faster alternative to Bitcoin (BTC) in 2011, shares a similar proof-of-work…

Read More

Litecoin (LTC) price rallies while Bitcoin and the wider crypto market crash

coiner

Litecoin (LTC) demonstrated a V-shaped recovery of 20% after dropping to $106 on Feb. 25. After a brief decline below the 50-day and 100-day exponential moving averages (EMAs), the altcoin has regained a bullish position and is currently outperforming a majority of assets within the crypto market. Litecoin 1-hour chart. Source: Cointelegraph/TradingView Litecoin has “one of the best charts in crypto” Litecoin’s current performance implies it is on an asymmetric rally versus the wider crypto market, and most LTC futures traders maintain a clear directional bias. Data highlights a clear…

Read More

Why is Litecoin (LTC) price up today?

coiner

Litecoin (LTC) has outperformed the broader crypto market vastly in the last 24 hours, rising over 9% to reach $127.85 on Feb. 27. LTC/USD four-hour price chart. Source: TradingView In contrast, the crypto market’s combined valuation has dropped by 3% amid a sour risk-on mood led by underwhelming Nvidia earnings and US President Donald Trump’s latest tariff announcements. Key drivers behind Litecoin’s gains include: Announcement of Litecoin’s own domain, “.ltc“ LTC’s rising strength against Bitcoin (BTC). Strengthening chart technicals. Litecoin announces official domain extension “.ltc“ Litecoin’s price gains today appear…

Read More

Litecoin halving completes as LTC sees increased payments adoption

coiner

The Litecoin halving event has been completed with block rewards now halved at 6.25 Litecoin (LTC) per block.  On Aug. 2, the Litecoin blockchain went through its automated halving procedure at block 2,520,000. LTC miners are now getting half the rewards and the clock has been reset for the next halving in roughly four years’ time. Litecoin founder Charlie Lee commented on the discrepancies between the different halving countdown timers, suggesting that the NiceHash one was the most accurate. However, all of them agreed on an Aug. 2 date. This…

Read More

Litecoin price at risk of a 30% drop if key LTC futures historical trend repeats

coiner

With less than two weeks until Litecoin’s halving, when the miner’s block subsidy will be cut in half, traders are questioning whether the additional scarcity effect will be enough to sustain the LTC price above $90.  Litecoin’s (LTC) price has declined by 19% in the last 18 days, but it has shown a positive 31% performance this year. Notably, most gains occurred between June 29 and July 2, with a 34% rally pushing the price to a 14-month high of $115. Litecoin/USD 1-day price at Coinbase, 2023. Source: TradingView However,…

Read More

Litecoin halving is 13 days away — So where is the LTC price rally?

coiner

Bitcoin (BTC) is still almost a year away from its next block reward halving, but Litecoin (LTC) miners are already bracing for impact. In less than two weeks, Litecoin’s block subsidy will drop from 12.5 LTC to 6.25 LTC per block. Whales stock up on LTC — but BTC value stays weak Despite its fair share of controversy, Litecoin remains the 12th-largest cryptocurrency by market cap at around $6.8 billion. Its miners currently rake in 7,200 LTC in block rewards daily, equal to around $670,000. As the halving nears, major…

Read More

Litecoin price poised for 700% gains vs. Bitcoin, says Charlie Lee

coiner

Litecoin (LTC) can make some big gains versus Bitcoin (BTC), particularly as its August halving event gets closer, according to Litecoin’s creator Charlie Lee. Litecoin up 85% since record lows versus Bitcoin Lee argues that LTC/BTC could rally to 0.025 BTC, or over 700%, in the next bull cycle, with Litecoin having “higher throughput by design, scalability with extension blocks, better fungibility and privacy from MWEB [MimbleWimble].“ “I can see an upside target of 10% (0.025 LTC/BTC). In the next bull market, 5% (0.0125) shouldn’t be too hard to achieve. I honestly…

Read More