Complete Gate Post tasks to upgrade your rank

Credit Ranking

[//]:content-type-MARKDOWN-DONOT-DELETE
According to market news, Nasdaq has submitted the Canary <a href="/nl/price/litecoin-ltc" target="_blank" class="blog_inner_link">Litecoin</a> ETF 19B-4 application, initiating the regulatory review process. Eric Balchunas, a senior ETF analyst at Bloomberg, wrote on social media, 'The Litecoin ETF has now met all the requirements, and the countdown to the first altcoin ETF in 2025 has begun. I see no reason to withdraw this application, especially since the SEC has commented on the S-1 filing and Litecoin is considered a commodity, and with the SEC having new leadership.' The approval of the LTC ETF application will be determined in the coming weeks.

![](https://gimg2.gateimg.com/image/article/1737102129GhXjXuAWgAA-7vE.png)

Affected by this news, LTC is currently priced at $138.1 on the Gate.io platform, with a 24-hour increase of 15%. As an old-school POW currency, LTC's performance in this round of the market is actually quite ordinary, but stimulated by the news of the LTC ETF, LTC has risen continuously for the past three days, with an increase of nearly 50% from the lowest point of around $92. LTC's current circulating market value is $10.5 billion, ranking 19th in the overall market.

According to CoinDesk's analysis, if the market acceptance of Litecoin ETF is similar to that of <a href="/nl/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ETF, its first-year capital inflow may reach $290 million to $580 million, accounting for about 6% of LTC's market value ($9.6 billion). This proportion is equivalent to the supply currently locked in Bitcoin ETF.

Canary Capital is actively promoting the LTC ETF, and its submitted 19b-4 document has put SEC into the review process. Analysts believe that LTC's proof-of-work mechanism, similar to Bitcoin's, may increase its chances of being viewed as a commodity. Although the fund size of LTC ETF may not be as large as that of Bitcoin or <a href="/nl/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> ETFs, it is expected to outperform most US ETFs (only 1,330 ETFs manage assets over $300 million). The report points out that market demand is still a key variable, but even with relatively low demand, LTC ETF may still succeed in the cryptocurrency field.

![](https://gimg2.gateimg.com/image/article/1737102375screenshot-20250117-162412.png)

## LTC market analysis

### Trading data

- Current price: 138.1 USDT
- 24-hour high price: 141.15 USDT
- 24-hour lowest price: 115.94 USDT
- 24-hour rise: 16.13%
- 24-hour Trading Volume: 769,213 LTC
- 24-hour net capital inflow: 32,398,537 USDT

### Technical indicators

- Support level: 119.55 USDT
- Resistance level: 141.1 USDT
- RSI Indicator: Overbought state, short-term trend is bearish

## Trading strategy recommendations

### Strategy 1: Short-term pullback short

- Direction: short
- Entry Price: 140.0 USDT (close to resistance level)
- Stop loss price: 143.0 USDT (above the resistance level)
- Target price: 130.0 USDT (near support level)

Reason: The current LTC is in an overbought state, and the RSI indicator suggests a possible pullback in the short term. The fund inflows are good, but market sentiment may turn due to overbought conditions, making it suitable for shorting at high levels.

## Strategy 2: Breakthrough Long

- Direction: Long
- Entry price: 141.2 USDT (after breaking through the resistance level)
- Stop-loss price: 138.0 USDT (below the current price)
- Target Price: 150.0 USDT (Psychological Barrier)

Reason: If LTC breaks through the resistance level of 141.1 USDT, it may trigger further rise. The capital inflow is strong and the market sentiment is bullish, suitable for entering long after the breakthrough.

## Outlook

With the advancement of Litecoin ETF, LTC may receive more widespread market attention. If the LTC ETF is successfully approved, it will be an important milestone in the <a href="/nl/price" target="_blank" class="blog_inner_link">cryptocurrency market</a> and may attract more institutional investor participation. In the short term, LTC may experience a pullback, but if it breaks through the key resistance level, it may usher in a bigger rise.

Investors should pay attention to the market sentiment, capital inflows, and technical changes of LTC, and adjust their investment strategies flexibly. The launch of Litecoin ETF is expected to further enhance the market awareness of LTC and drive its price performance.

<div class="blog-details-info">
<div>Author: **Icing**, Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. Investment involves risks and users need to make careful decisions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

简体中文

English

福利中心

小红花-Learn & Explore-博客

小红花-Learn & Explore-快讯

币圈-币圈-未来事件

小红花-Learn & Explore-聊天室

小红花-Learn & Explore-直播

小红花-Learn & Explore-动态

币圈

Gate OTC

芝麻金融-更多-财富管理

机构-APIs

机构-大宗交易服务

机构-经纪商项目

全球做市商计划

机构-托管和资产管理

机构借贷

机构-做市商项目

小红花-Promotions-机构和VIP服务

量化基金

机构-基础架构

机构-交易

机构-金融

结构化产品

机构-主页

衍生品-统一账户

芝麻金融-更多-抵押借币

vip服务

机构

策略跟单

现货跟单

交易-合约跟单

跟单

量化策略-探索

量化策略-进阶

量化策略-基础

交易-机器人广场

创建机器人

探索机器人

杠杆网格

无限网格

期现套利

组合指标策略

智能调仓

现货马丁格尔

合约网格

现货网格

交易机器人

芝麻金融-更多-ETH2.0挖矿

芝麻金融-更多-法币理财

链上赚币

芝麻金融-理财-双币宝

芝麻金融-理财-定期理财(屯币)

芝麻金融-理财-结构性理财

芝麻金融-理财-理财宝

芝麻金融-理财-余币宝

GT挖矿

芝麻金融-更多（理财产品）

芝麻金融-理财（打新）

launchpool

launchpad

赚币-HODLer Airdrop

candy_drop

web3 Airdrop

赚币

模拟交易

衍生品-期权

衍生品-交割合约

衍生品-永续合约

合约入门

合约活动

衍生品

交易-杠杆ETF

交易-杠杆交易

交易-闪兑

交易-现货交易

交易-创新交易

交易-交易工具

交易-交易类型

交易-盘前交易

Alpha

交易

行情

买币-gateCard

卖币

买币-快捷交易

买币

买币-paywith

法币定投

小红花-推广

新手指南

活动中心

小红花-Learn & Explore-学院

小红花-Exchange-最新公告

小红花-Exchange-帮助中心

gate商店

小红花-Promotions-邀请计划

小红花-promotions-代理商

储备金

合作伙伴

cextg小程序

小红花

web3

LTC Soars 15%, Will LTC ETF Be Approved This Year?