You’ll Never Guess Which Old Crypto Might Finally Beat The SEC! 🚀💰

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It was a fine Monday mornin’ in the wilds of Asia, and Litecoin (which, if you ain’t heard,
is like Bitcoin’s quieter, less overbearing cousin who still shows up to Thanksgiving) was
loafin’ ‘round $86, sneakily creepin’ up while the rest of the crypto herd was taking a
siesta. That’s about as lively as a mule in July unless you’ve got Bloomberg’s James Seyffart
hollerin’ from the back porch that, hear ye, hear ye, the spot Litecoin ETF courtesy of
Canary Capital is the only critter in the yard with a 90% chance of gettin’ the golden ticket
from the SEC. Slim pickins for hope elsewhere, folks. The others are still stuck in the
evidence room, pickin’ dust out their ears.

Canary Capital (a name that sounds like it oughta come with a cage and some birdseed) put in
its big ETF ask back in October 2024, and the folks at Nasdaq threw in a fancy 19b-4 form the
following January—as if the SEC was sittin’ there in a rocking chair, ready with a stamp but
too busy whittlin’. Meantime, Dogecoin and XRP ETFs got held up like a stagecoach—late as
always, bless their hearts—but trusty old Litecoin got to waltz right on through, ignitin’
optimism in more ways than a snake-oil salesman at a church picnic.

“@CanaryFunds Litecoin ETF filing is due for a decision (possibly a delay) by Monday 5/5.
SEC went early & delayed a bunch of filings but not this. If any asset has a chance of early
approval it’s Litecoin IMO. Personally think a delay is more likely but def something to
watch”
— James Seyffart (@JSeyff) May 4, 2025

Seyffart may not be a fortune-teller, but he’s barkin’ up the right tree: Litecoin seems likeliest
to get itself rubber-stamped first—though don’t put all your eggs in one government basket. You
know the SEC, they like to stretch out a decision longer than molasses in January. Meanwhile,
Grayscale and CoinShares are hopin’ to hitch their own wagons before the autumn leaves.

Talkin’ technicals, Litecoin’s sittin’ higher than a rooster on a fencepost, well above the $84
support mark—those fancy-moving averages (EMA, for them that likes alphabet soup) holdin’
the fort. If it keeps struttin’ upward, bustin’ through the $88–$90 corral, we might just see
it rear up toward $100, which would sure give the neighbors something to gossip about. But
that $88–$90 patch is slicker than a greased pig—so tread careful, pardner.

If you peek at the RSI and find it sittin’ above 50, that means the bulls are still in the
driver’s seat and haven’t run the wagon into a ditch. Keep your good eye on what the big wigs
at the Fed are doin’ with interest rates, and don’t forget ‘bout that international feud—tariffs
and inflation have a habit of jumpin’ out from behind the barn and spookin’ the market.

Any brave trader eyein’ a Litecoin roundup should mind their support levels at $84, $81, and $75,
and keep their spyglass on whether that price makes a jailbreak for $100. Watch your step, and
don’t try to rope a wild crypto with both eyes shut. Yeehaw! 🐴🕵️‍♂️

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2025-05-05 09:25