Litecoin ($ LTC) has been pumping sharply in the last 24 hours, since the US SEC showed an answer to an ETF application of Litecoin Spot.
Litecoin ($ LTC) is a decentralized cryptocurrency founded by Charlie Lee in 2011 as a faster and more light alternative to Bitcoin. We can call a copy of the bitcoin block chain code with some modifications in its block generation time.
On January 30, 2025, Bloomberg’s ETF expert James Seyffart confirmed that the United States Stock Exchange and Securities Commission (SEC) acknowledged the presentation Canary Litecoin ETF 19B 19B-4.
In response, another ETF expert from Bloomberg, Eric Balchunas, said they are the first cryptographic ETF applications that it reached at this stage, after Ethereum. This means that there are possibilities that other ETF products from Crityto Spot are available in the future.
Balchunas said the situation has changed enough and that there are possibilities that the SEC does not postpone its decision during the next 240 full days.
The ETF expert statement about the lowest possibilities of delays in the final decision of the SEC is linked to the change in the agency’s leadership. Recently, the president of the United States, Donald Trump, appointed Mark Uyeda as the new Pro-Crypto President of the SEC.
Litecoin price action
After this news, the commercial price level of the $ LTC currency increased almost 19% by less than 24 hours. The current $ LTC trade is $ 132.6. In December 2025, the commercial price of this cryptocurrency fluctuated around $ 100.
Currently, the Litecoin relative force index is 61, which means that the commercial price of this cryptocurrency can see more investment pump and prices.
Read also: Donald Trump’s strategy to take care of the cryptographic industry: a movement towards monopoly?
