Litecoin Price Prediction: LTC Pumps 17% As Canary Capital Files Updated S-1 for Litecoin ETF Approval, And This Might Be the Next Crypto to Explode

The
Litecoin
price
jumped
17%
in
the
last
24
hours
to
trade
at
$120.33
as
of
02:19
a.m.
EST
on
trading
volume
that
skyrocketed
298%
to
$1.6
billion.  

This
comes
as
Canary
Capital
submitted
an
amended
S-1
filing
for
the
Litecoin
ETF
(exchange-traded
fund).
The
move
could
make
Litecoin
the
next
cryptocurrency
to
get
the
green
light
in
the
U.S
for
a
crypto
ETF,
after
Bitcoin
and
Ethereum.

The
filing
by
Canary
Capital
is
also
seen
as
evidence
that
the
SEC
is
considering
the
approval
of
Litecoin
ETFs.

We
had
heard
chatter
that
the
Litecoin
S-1
had
gotten
comments
back
from
SEC.
This
looks
to
confirm
that
which
bodes
well
for
our
prediction
that
Litecoin
is
most
likely
to
be
the
next
coin
approved.
All
that
said,
new
SEC
chair
has
yet
to
start
and
that’s
a
huge
variable.

https://t.co/cKFswPwcr0

—
Eric
Balchunas
(@EricBalchunas)

January
15,
2025

Litecoin
Price
Trend
On
A
Breakout

The


LTC
price

chart
analysis
on
the
daily
timeframe
exhibits
a
mixed
trend,
with
recent
signs
of
strength
following
a
period
of
consolidation.
LTC
has
been
oscillating
within
a
descending
triangle
pattern
since
peaking
in
late
2024.
The
lower
boundary
of
this
triangle,
around
the
$97
level,
has
provided
strong
support,
while
the
upper
descending
trendline
is
acting
as
resistance,
according
to
data
from


GeckoTerminal.

In
recent
sessions,
the
Litecoin
price
has
broken
above
the
50-day
Simple
Moving
Average
(SMA)
at
$110.28,
signaling
potential
bullish
momentum.
However,
it
remains
below
its
local
highs
near
$130,
which
is
an
area
of
significant
resistance.
The
golden
cross
around
$71,
where
the
50-day
SMA
crossed
above
the
200-day
SMA
in
mid-November
2024,
remains
intact,
suggesting
that
the
long-term
trend
is
still
bullish
despite
the
short-term
consolidation.

The
Relative
Strength
Index
(RSI)
currently
sits
at
62.05,
approaching
the
overbought
zone.
This
indicates
that
buying
momentum
is
increasing
but
is
not
yet
at
extreme
levels.
A
sustained
RSI
above
60
could
support
further
upside,
while
a
move
into
the
overbought
zone
(above
70)
may
precede
a
pullback.

Meanwhile,
the
Moving
Average
Convergence
Divergence
(MACD)
is
currently
bullish,
with
the
MACD
line
at
1.30
crossing
above
the
signal
line
at
1.04.
This
crossover
suggests
growing
bullish
momentum.
However,
the
histogram
shows
modest
strength,
indicating
that
momentum
is
building
but
not
yet
overwhelming.

LTC
Could
Sustain
Its
Bullish
Stance

The
break
above
the
50-day
SMA
and
the
bullish
MACD
signal
suggests
that
the
price
of
LTC
may
attempt
a
breakout
above
the
descending
triangle’s
resistance
at
$125–$130
in
the
short
term.
If
this
breakout
is
successful,
the
next
target
would
be
the
$140
psychological
level.

However,
failure
to
maintain
the
$110
level
could
see
LTC
retesting
support
at
$100
or
even
the
200-day
SMA
near
$80.

Meanwhile,
ClayBro,
a
prominent
crypto
analyst
with
over
135K
subscribers,
says
the
recently
launched


Catslap
(SLAP)

could
be
the
next
50x
meme
coin.

Is
Catslap
The
Next
Crypto
To
Explode?

Catslap
is
challenging
existing
cat-themed
market
leaders
like
POPCAT
and
MOG
and
it
comes
with
an
innovative
Slap-2-Earn
mechanism
that
is
offering
$100K
in
rewards.

The
project’s
viral
slapping
game
has
already
recorded
a
massive
2.7
billion
slaps
on
its
Slapometer
globally.
The
game’s
popularity
has
boosted
community
engagement,
and
there
are
now
21,667
individuals
holding
SLAP
tokens.

The
Slap-to-Earn
Slapdrop
leaderboard
is
now
live,
revealing
the
top
10
winners
of
$10,000
USDT
each.
The
transactions
to
distribute
the
$100,000
among
the
top
10
winners
can
be
found
in
this
wallet: https://etherscan.io/address/0x5D1a7B8b3Ff3f10A11eD674FE51bfbcE5e63Cea0#tokentxns

Other
Slapdrop
participants
who
completed

Zealy
social
quests and
submitted
their Best
Wallet
rewards
wallet
started
receiving
their
$SLAP
token
rewards
from
11am
today.

Just
airdropped
$100K
to
the
top
10
slappers
????

Feeling
like
burning
$1M
soon
…

$SLAP
is
king

pic.twitter.com/wv3rrtZEpe

—
Catslap
(@CatSlapToken)

January
15,
2025

SLAP’s
“Hot
Token”
status
on


Best
Wallet,
a
fast-growing
crypto
wallet,
connects
it
to
over
100,000
users,
boosting
visibility
and
momentum.

Token
holders
can
also
earn
passively
via
the
project’s
staking
mechanism,
which
offers
a
30%
annual
percentage
yield
(APY).

SLAP
is
up
by
a
fraction
of
a
percentage
in
the
last
24
hours
to
trade
at
$0.002335,
according
to


CoinGecko. 

Buy
SLAP
Token
from
its
official
website.

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