Litecoin Value Prediction: LTC Pumps 17% As Canary Capital Recordsdata Up to date S-1 for Litecoin ETF Approval, And This Would possibly Be the Subsequent Crypto to Explode

The Litecoin value jumped 17% within the final 24 hours to commerce at $120.33 as of 02:19 a.m. EST on buying and selling quantity that skyrocketed 298% to $1.6 billion.  

This comes as Canary Capital submitted an amended S-1 submitting for the Litecoin ETF (exchange-traded fund). The transfer might make Litecoin the following cryptocurrency to get the inexperienced mild within the U.S for a crypto ETF, after Bitcoin and Ethereum.

The submitting by Canary Capital can also be seen as proof that the SEC is contemplating the approval of Litecoin ETFs.

We had heard chatter that the Litecoin S-1 had gotten feedback again from SEC. This seems to be to verify that which bodes properly for our prediction that Litecoin is almost definitely to be the following coin authorized. All that stated, new SEC chair has but to start out and that is an enormous variable. https://t.co/cKFswPwcr0

— Eric Balchunas (@EricBalchunas) January 15, 2025

Litecoin Value Pattern On A Breakout

The LTC value chart evaluation on the every day timeframe displays a blended development, with latest indicators of energy following a interval of consolidation. LTC has been oscillating inside a descending triangle sample since peaking in late 2024. The decrease boundary of this triangle, across the $97 stage, has offered robust assist, whereas the higher descending trendline is appearing as resistance, in line with information from GeckoTerminal.

In latest periods, the Litecoin value has damaged above the 50-day Easy Shifting Common (SMA) at $110.28, signaling potential bullish momentum. Nevertheless, it stays beneath its native highs close to $130, which is an space of serious resistance. The golden cross round $71, the place the 50-day SMA crossed above the 200-day SMA in mid-November 2024, stays intact, suggesting that the long-term development remains to be bullish regardless of the short-term consolidation.

The Relative Power Index (RSI) at the moment sits at 62.05, approaching the overbought zone. This means that purchasing momentum is rising however shouldn’t be but at excessive ranges. A sustained RSI above 60 might assist additional upside, whereas a transfer into the overbought zone (above 70) might precede a pullback.

In the meantime, the Shifting Common Convergence Divergence (MACD) is at the moment bullish, with the MACD line at 1.30 crossing above the sign line at 1.04. This crossover suggests rising bullish momentum. Nevertheless, the histogram reveals modest energy, indicating that momentum is constructing however not but overwhelming.

LTC May Maintain Its Bullish Stance

The break above the 50-day SMA and the bullish MACD sign means that the value of LTC might try a breakout above the descending triangle’s resistance at $125–$130 within the brief time period. If this breakout is profitable, the following goal can be the $140 psychological stage.

Nevertheless, failure to take care of the $110 stage might see LTC retesting assist at $100 and even the 200-day SMA close to $80.

In the meantime, ClayBro, a distinguished crypto analyst with over 135K subscribers, says the not too long ago launched Catslap (SLAP) may very well be the following 50x meme coin.

Is Catslap The Subsequent Crypto To Explode?

Catslap is difficult present cat-themed market leaders like POPCAT and MOG and it comes with an progressive Slap-2-Earn mechanism that’s providing $100K in rewards.

The mission’s viral slapping sport has already recorded an enormous 2.7 billion slaps on its Slapometer globally. The sport’s reputation has boosted group engagement, and there are actually 21,667 people holding SLAP tokens.

The Slap-to-Earn Slapdrop leaderboard is now reside, revealing the highest 10 winners of $10,000 USDT every. The transactions to distribute the $100,000 among the many high 10 winners might be discovered on this pockets: https://etherscan.io/tackle/0x5D1a7B8b3Ff3f10A11eD674FE51bfbcE5e63Cea0#tokentxns

Different Slapdrop individuals who accomplished Zealy social quests and submitted their Finest Pockets rewards pockets began receiving their $SLAP token rewards from 11am at present.

Simply airdropped $100K to the highest 10 slappers 😸

Feeling like burning $1M quickly … $SLAP is king pic.twitter.com/wv3rrtZEpe

— Catslap (@CatSlapToken) January 15, 2025

SLAP’s “Scorching Token” standing on Finest Pockets, a fast-growing crypto pockets, connects it to over 100,000 customers, boosting visibility and momentum.

Token holders may earn passively through the mission’s staking mechanism, which presents a 30% annual proportion yield (APY).

SLAP is up by a fraction of a proportion within the final 24 hours to commerce at $0.002335, in line with CoinGecko. 

Purchase SLAP Token from its official web site.

Associated Information

Catslap (SLAP) – New Cat Meme Coin On Ethereum

• Listed on MEXC
• Featured on Cointelegraph
• Trending on CoinGecko, DEXTools
• 10,000+ Holders
• Slap To Earn Utility
• Token Burns