Litecoin (LTC) has re-entered investors’ radar, with its price now trading at about $120.28, up 7.10% in just 4 hours and a 12.80% surge in the past 24 hours.
This figure has drawn the attention of many people to Litecoin, which was created based on the Bitcoin (BTC) protocol, especially given the current turbulent market times.
Litecoin ETF deadline hit by government shutdown
Another major story concerns the ETF issue. The SEC’s final decision on the Canary Litecoin ETF was scheduled for October 2nd, but unfortunately, it clashed with the US government shutdown that began the day before.
This situation has left the SEC’s decision in limbo, although the Polymarket prediction market’s chances of approval had soared to 95%. Imagine, everyone was waiting for the green light, but instead, all regulatory offices were closed.
On the other hand, analysts see an interesting opportunity after the shutdown is over. Some say approval could be faster with new generic listing rules, which would make the process less complicated.
So, despite the current delays, many believe the path for a Litecoin ETF could be wider once the bureaucratic wheels turn again.
New Nexus Wallet and wild price predictions
Meanwhile, the Litecoin Foundation also surprised us with the launch of Nexus Wallet version 1.1. This update brings new privacy features like Coin Selection and connections through the Tor network.
“With this Nexus update, we want to give users powerful yet easy-to-use features. With Coin Selection and Tor, advanced privacy is accessible with just one touch,” said Loshan T., the wallet’s lead developer.
Furthermore, the Tor routing option allows users to circumvent censorship, network blocks, or location restrictions. In other words, wherever you are, Litecoin can still be used.
This is certainly a major plus for those who want to maintain full control over their digital transactions without any hassle. Furthermore, the presence of this new feature also suggests that Litecoin is still serious about developing a user-friendly infrastructure.
However, it’s not just technical innovations that are making Litecoin a hot topic. A popular analyst known as Master is causing a stir with his predictions.
He says LTC’s vertical movement hasn’t even really begun, and the next six to nine months could be the craziest period yet. His target? Litecoin’s price soared to $10,000. Many raised eyebrows, but in the crypto world, predictions like this always spark curiosity.