Litecoin (LTC) ETF Finally Appears on the DTCC Platform, Will History Repeat Itself?

Litecoin is in the news again. Experts judge that the coin is about to gain traction soon again. The Canary-based ETF for Litecoin appeared on the

Litecoin price analysis shows a bullish trend with a possibility of further price increase.

Litecoin ETF appeared on the Depository Trust & Clearing Corporation (DTCC) platform.

This appearance has sparked speculation among traders, who anticipate an imminent approval for the Litecoin ETF.

However, Bloomberg’s ETF analysis expert cautioned traders against assuming they can immediately begin trading in the coin.

Despite the delay, analysts confirm that the issuing body is now officially preparing for ETF issuance.

Last Saturday, popular ETF analyst Dave Balchunas tweeted that there is a “90% chance of LTC ETF approval by February.”

Now, it seems to be unfolding as predicted.

On Monday, ETF Store President Nate Geraci commented on the Litecoin ETF listing on DTCC.

He stated that the listing is reminiscent of when BTC was incorporated into the DTCC.

Geraci also mentioned that brokerages might be able to access the Litecoin ETF soon.

Additionally, Coinshares, a trading platform, submitted a proposal to list the ETF on Nasdaq.

At the time of writing this article, the SEC is still reviewing the application.

Once approved, the ETF body will streamline Litecoin trade in a fully regulated environment.

This aspect is particularly beneficial for traders, who can participate in the ETF without investing a single coin and still reap the profits.

Projections for a Long-Term Price Rally.

LTC has had an exceptional performance in February, grabbing the spotlight in the altcoin market.

From the beginning of the month (2nd Feb) to 19th Feb, LTC’s market cap has surged by 46%, reaching an impressive $10.2 billion.

This bullish trend is accompanied by a continuous rise in LTC’s price, which has broken through several resistance levels.

Currently, LTC’s price is hovering around the $130 mark.

Projections indicate that LTC can easily break from its current resistance point of $130, making it more lucrative for investors soon.

A further breakout can help LTC reach a bullish value of $200.