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Bitcoin (BTC) 
$105,501 is currently priced at $94,750, with a lingering negativity observable in the altcoin markets. In a recent announcement, the U.S. Securities and Exchange Commission (SEC) made a statement that did not include the anticipated positive news about a Litecoin (LTC) Exchange-Traded Fund (ETF). However, expectations remain high that the SEC will deliver the awaited approval within this year.
Anticipation Around the LTC ETF Announcement
For several months, the financial landscape has seen attempts by Canary to file for ETFs of different altcoins, especially following Donald Trump’s presidency. One of these applications was for Litecoin (LTC). Given its structure similar to Bitcoin and Ethereum, and its acceptance as a commodity, the LTC ETF filing is legally a favorable effort.
ETF specialists at Bloomberg are almost certain about the approval being granted this year, assigning it a 90% probability. These predictions were similarly made for Ethereum (ETH) 
$2,524 and previously for Bitcoin (BTC). The approval for BTC ETF arrived despite the stringent leadership of Gensler, largely because the existing leadership does not classify all altcoins as securities contrary to Gensler’s views. Hence, by November’s deadline, it is anticipated that LTC and several other altcoins will receive approvals.
The regulatory framework developed during the BTC and ETH ETF processes will significantly simplify the path for LTC’s approval.
The price of Litecoin (LTC), which surged to $87, is now struggling to maintain closures above the critical threshold of $87.37 due to current market negativity. As the year progresses and we delve into discussions of ETF approvals, the tariffs-related chaos might dissipate. Failure to resolve it could lead to a significant global recession, where priorities might shift drastically away from crypto to essential needs like food security.
In such a scenario, when looking back, the current Litecoin price may appear considerably undervalued.
