Litecoin (LTC) is down 2.3% this week to $125.50, outperforming Bitcoin (BTC), which has fallen 7.0% to $88,928. Despite the sharp 17% decline earlier in the week, which pushed LTC to a low of $105.93, the token has largely recovered.
A major development for Litecoin is Canary Capital’s filing with the SEC for a spot LTC-ETF. Nasdaq has already assigned the ticker LTCC for the proposed fund. This signals potential institutional support, which could provide a strong long-term boost for the asset.
From a technical perspective, pullbacks to the $100.00 support level present an attractive buying opportunity, especially if broader market conditions stabilize.
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