LTC surged as broader markets retreated, but the rally may not have legs once an exchange-traded fund is approved, argues Woo Network’s Ben Yorke.

Bloomberg’s Eric Balchunas and James Seyffart call a Litecoin ETF a near-certainty.

The agency has called for the public’s comments on the proposed ETF before it approves or denies it.

Canary Capital’s proposed Litecoin exchange-traded fund took another step as it started the clock on SEC approval.

LTC is rallying after analysts saif they see signs that an ETF proposal is moving ahead at the SEC.

Litecoin became the subject of controversy after its new mascot was launched as a meme coin.

Litecoin, the second-oldest blockchain network, completed its third block reward halving on Wednesday.