Overview

• Canary Capital submitted an updated S-1 for a spot Litecoin ETF with a 0.95% fee, a step Bloomberg’s Eric Balchunas describes as near-final.
• Prediction markets show roughly 98% odds of approval, though the SEC timeline could slip due to the U.S. government shutdown.
• Litecoin trades near $115–$120, holding key support around $115 while repeated attempts to clear the $132–$135 zone have failed.
• Analyst Ali Martinez warns that another rejection at resistance could open downside toward $100–$85 and potentially near $50.
• Technical views highlight an ascending triangle with a potential confirmation above about $145, while an approved ETF could expand altcoin access for investors.