SEC Pressure in the Crypto World and the Future of Litecoin

The U.S. Securities and Exchange Commission (SEC) is trying to strictly regulate the crypto market with securities-related regulations. Many cryptocurrencies, including XRP Coin, are being classified as securities by the SEC. While Bitcoin (BTC) is exempt from these classifications, it poses a risk for other altcoins. The Potential and Market Situation of LTC For some cryptocurrencies such as Litecoin (LTC), Dogecoin (DOGE), and Bitcoin Cash (BCH), the U.S. Commodity Futures Trading Commission (CFTC) is expected to label them as “commodity,” which is seen as a positive development for Litecoin. An uptrend in LTC price has started, continuing to attract investors’ interest. The current profitability ratio of Litecoin is around 58%, expected to increase. When other altcoins reach the observed 95% profitability level, price corrections usually occur, whereas Litecoin has enough room for further increases. What Should LTC Investors Do? The Reserve Risk metric shows that the risk of selling LTC […]

SEC Pressure in the Crypto World and the Future of Litecoin

The U.S. Securities and Exchange Commission (SEC) is trying to strictly regulate the crypto market with securities-related regulations. Many cryptocurrencies, including XRP Coin, are being classified as securities by the SEC. While Bitcoin (BTC) is exempt from these classifications, it poses a risk for other altcoins.

The Potential and Market Situation of LTC

For some cryptocurrencies such as Litecoin (LTC), Dogecoin (DOGE), and Bitcoin Cash (BCH), the U.S. Commodity Futures Trading Commission (CFTC) is expected to label them as “commodity,” which is seen as a positive development for Litecoin. An uptrend in LTC price has started, continuing to attract investors’ interest.

The current profitability ratio of Litecoin is around 58%, expected to increase. When other altcoins reach the observed 95% profitability level, price corrections usually occur, whereas Litecoin has enough room for further increases.

What Should LTC Investors Do?

The Reserve Risk metric shows that the risk of selling LTC for investors is low at the moment. After experiencing significant price fluctuations last year, Litecoin is now stable, and investors are generally more experienced. Being a popular and established altcoin directs investors to long-term goals, presenting fluctuations as an accumulation opportunity.

It’s noted that the current trend for LTC is a bullish market, and investor confidence is high. The Reserve Risk metric, which signals uptrends during times of low prices, presents a positive outlook for LTC. If Litecoin’s price closes above $86, it’s likely to test the $100 and $113 levels, but failure to surpass this level may see the price drop to $79 and $71 levels.

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how to buy crypto?
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  • JPY
  • bitcoinBitcoin(BTC)
    $67,170.000.44%
  • ethereumEthereum(ETH)
    $3,123.600.73%
  • tetherTether(USDT)
    $1.00-0.01%
  • binancecoinBNB(BNB)
    $580.12-0.16%
  • solanaSolana(SOL)
    $174.601.13%
  • usd-coinUSDC(USDC)
    $1.000.04%
  • staked-etherLido Staked Ether(STETH)
    $3,119.990.74%
  • rippleXRP(XRP)
    $0.52-0.25%
  • dogecoinDogecoin(DOGE)
    $0.1553600.08%
  • the-open-networkToncoin(TON)
    $6.440.29%
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