Key Insights:
Canary Capital filed an amended S1 application for a Litecoin ETF with the US SEC yesterday.
A change in US administration and SEC's Chairman lifts the chances of approval by a great factor.
Litecoin sees an imminent growth to $200 and a long-term target of $412.
Strong fundamentals like network growth and ETF approval could push LTC above $400 by the next Bitcoin halving cycle.
Canary Capital is reportedly very close to securing a Litecoin ETF approval, which, when approved, could be the first altcoin ETF after Ethereum. However, there have been no 19b-4 filings yet.
In the SEC's procedure for ETF approval, 19b-4 filings are a declaration of rule that allows the ETF to self-regulate (typically via an exchange). S1 filings, on the other hand, are the main application for ETF approval.
Canary Capital made the first application for a Litecoin ETF on 15 October 2025.
Lately, speculation around altcoin ETFs has risen because of Trump's choice of SEC chief. Former SEC Chief during George Bush Junior, Paul Atkins, will take charge as the new SEC chairman on 20 January 2024, i.e., the same day Trump becomes president and Gary Gensler leaves office.
As a result of the application, Litecoin saw a 15% intraday jump in its price and was trading at $116 at press time. The last 24-hour training volume was $1.66 billion, 226% higher than the previous day.
A strong whale accumulation reportedly took Litecoin above the $114 resistance level.
Litecoin Price Jumps 15%
CoinMarketCap
Litecoin recently crossed Bitcoin and Ethereum and became the highest-traded crypto on Bitpay. The exchange processed 608,000 Litecoin transactions in 2024.
The network also grew its hash rate to 1.8 PH/s last month.
Last year, Litecoin saw its transaction count rise to 1 million daily transactions on 14 November 2024.
Litecoin recently saw itself crossing Bitcoin and Ethereum and becoming the highest-traded crypto on Bitpay. The exchange processed 608,000 Litecoin transactions in 2024.
The network also saw its network hash rate grow to 1.8 PH/s last month.
Last year, Litecoin saw its transaction count rise to 1 million transactions per day on 14 November 2024.
Despite multiple payment processors in the markets, whether independent or supported by third-party exchanges, almost zero payment processors were focused on privacy. All of them required a certain amount of KYC, which invaded and traded your personal data.
Litepay is a payment processor that allows businesses to receive payments without their customers performing KYC. All it requires is an address on the Litecoin network to which you wish to send the payment.
Litecoin is a proof-of-work blockchain based on Bitcoin, which allows it to have a much higher grade of security than most Layer-2 platforms.
What makes Litecoin even more secure is its partnership with Dogecoin, where nodes from both networks can pool their resources together to secure both chains.
Litecoin saw a breakout after a multi-year consolidation between $57 and $114. it had earlier broken out of these levels, but the current market corrections kept its price below $100 for over a month.
However, given its price breakout above these levels today, we assume LTC will cross $200 in the near future.
An ETF approval could further push Litecoin above $412 ATH, which it last achieved on 10 May 2021.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.