Litecoin (LTC) shows a clear signal of price rebound, supplied by a high probability of approving the bottom cited in the Stock Market (ETF) linked to this cryptocurrency.
Simple Mobile Average (SMA) has recently surpassed the 20-day SMA. What is generally interpreted as a bullish signal. This happened on Wednesday, July 2nd, when the 10-day SMA reached $86.13 and the 20-day SMA reached $85.11.
This graph of Litecoin prices allows you to better understand the cross between 10 and 20 days of SMA.
The intersection of these mobile socks is important. Because it indicates that Litecoin’s price may be approaching Start a sustainable growth phase. Traditionally, when the shortest SMA (in this case 10 days) exceeds the longest SMA (in 20 days), this indicates that bullish impulses are gaining strength as demand is overcoming supply.
This action at LTC prices is a cryptocurrency worth 20° in the market, There is a high probability that this asset has its own ETF on Wall Street.
According to analysts at Bloomberg, there is a 95% chance that Litecoin will receive ETF approval in 2025. It could have a big impact on price.
In light of this prognosis, other assets such as Solana (SOL) and XRP are also on the cryptocurrency list, as reported by Cryptootics.
Generally, news about the probability that an LTC will acquire an ETF will also strengthen market optimism as this product will provide investors More accessible and regulated ways to invest in cryptocurrencywhich could attract more buyers.
ETFs allow investors to participate in the market without having to acquire cryptocurrency directly. This eliminates some of the technical and regulatory barriers associated with purchasing Cryptoactive.
Therefore, LTC ETFs can be a key factor in increasing the price of cryptocurrency. This type of financial instrument helps institutionalize assets and provide additional trust to investors. It had a positive effect on the value of other assets They also have ETFs such as Bitcoin (BTC).