Despite SEC's Recent Decision to Delay Litecoin ETFs

Despite the SEC's recent decision to delay Litecoin ETFs, excitement continues to build up in the LTC community as analysts assign high

Despite the SEC's recent decision to delay Litecoin ETFs, excitement continues to build up in the LTC community as analysts assign high approval odds to these ETFs, terming the delays a standard process for the commission.

The potential for an LTC ETF this year has left some crypto analysts dishing out crazy Litecoin price predictions, with some posting it could hit past $1,000! Investors' excitement in the Litecoin community is also palpable as LTC climbs nearly 60% from its recent dip, rising to test resistance levels in the $100 region.

Let's find out what might happen if Grayscle's Litecoin ETF sails through in 2025.

LTC price down over 76% from ATH

After hitting an ATH of $412 in 2021, LTC hasn't sniffed anywhere close to this region in the last four years. At current rates, the Litecoin price trades over 76% down from this level.

Source: CoinMarketCap

However, LTC appears to have found a solid footing in the $40-$60 zone, from where it has been staging mini rallies in the past two years.

Lately, the LTC price has been pumping, rising over 28% in the past month. The Litecoin ETF prospect is believed to be a fresh bullish catalyst that could push LTC from the doldrums.

Litecoin ETF has a 90% approval chance

Bloomberg Intelligence analysts suggest Litecoin ETF has a 90% approval chance, placing it ahead of other altcoin ETFs like XRP, Dogecoin, and Cardano. This high approval likelihood aligns well with Polymarket's LTC ETF speculations, where the odds have jumped significantly to 80%.

While analysts and investors had their eyes on May 5, which was the official deadline for Canary Capital's proposed Litecoin ETF, the SEC delayed making a decision, requesting public comments on its regulatory compliance.

Litecoin price prediction: Can LTC hit $2,900 on ETF approval?

Similar to how Bitcoin surged when BTC ETFs hit the new lows, the Litecoin price is expected to surge to new highs if a Litecoin ETF is approved in 2025. One Binance analyst argues that LTC could potentially surge to $1,500 or even $2,900, pushing its market cap past $218 billion if the Litecoin ETF performs 30% of Bitcoin's!

These crazy targets align with Crypto Patel's predictions, another analyst who predicts long-term LTC price targets in the 1,000 to $1,400 zone.

While the approval of an LTC ETF could catalyze a massive rally for the token price, savvy investors haven't forgotten the case of Ethereum ETFs, which passed like a nothingburger with little effect on the ETH price.

Litecoin investors are diversifying

As the LTC ETF faces delays, CoinCodex Litecoin price predictions reveal that the asset might continue posting stagnant price action below $100 for the rest of the year.

That's why smart Litecoin investors are also diversifying into emerging utility tokens like Remittix(RTX) that are tipped to grow in leaps and bounds.

This Ethereum-based PayFi token is predicted to cause a seismic shift in the massive $190 trillion cross-border payments sector, thanks to its innovative crypto-to-fiat payment network that facilitates faster, cheaper, and seamless cross-border payments.

At $0.0757, the RTX token is already up over 400% from its entry price. But with analysts forecasting a stratospheric 10,000% rally for the new altcoin, you're still on time to score this low-cap crypto gem and ride the wave!

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/ Socials: https://linktr.ee/remittix

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