There are 95% probability that ETF from Litecoin will be approved, according to Bloomberg analysts.
Solana and XRP are 2 other cryptocurrencies with high chances of having an ETF soon.
Litecoin (LTC) shows clear signals of a rebound in its price, fed by the high probabilities of approved a bottom quoted in the stock market (ETF) that is linked to this cryptocurrency.
The simple mobile average (SMA) has recently crossed over the 20 -day SMA, What is generally interpreted as a bullish signal. This happened last Wednesday, July 2, when the 10 -day SMA reached $ 86.13, while the 20 -day SMA was at $ 85.11.
Herein graph From the price of Litecoin you can better appreciate the cross between the SMA of 10 and 20 days:
The crossing of these mobile socks is key, since it indicates that the price of Litecoin could be about to Start a sustained growth stage. Traditionally, when the shortest SMA (in this case, the 10 -day) exceeds the longest SMA (the 20 -day), this indicates that the bullish impulse is gaining strength, since the demand is overcoming the supply.
This behavior in the price of LTC, which is 20 ° more valued cryptocurrency in the market, occurs due to the High probability that this asset has its own ETF on Wall Street.
According to Bloomberg analysts, there is a 95% probability that Litecoin receives the approval of an ETF in 2025, which could have a significant impact on its price.
In the light of this prognosis, other assets such as Solana (Sol) and XRP are also on the cryptocurrency list with high chances of obtaining their own ETF shortly, as cryptootics reported it.
In general, the news about the probability that LTC obtains an ETF also reinforces optimism in the market, since this product would offer investors a more accessible and regulated way to invest in cryptocurrencywhich could attract a greater number of buyers.
ETFs allow investors to participate in the market without having to acquire cryptocurrencies directly, which eliminates some of the technological and regulatory barriers associated with the purchase of cryptoactives.
Therefore, an ETF of LTC could be a key factor in increasing the price of cryptocurrency. This type of financial products helps to institutionalize the asset and to provide additional confidence to investors, which historically has positively influenced the value of other assets They also have their ETF, such as Bitcoin (BTC).
