Litecoin saw double-digit gains after the SEC acknowledged Canary Capital's Litecoin ETF filing. This puts it ahead of XRP and Solana ETF filings, which have yet to be acknowledged by the SEC. Litecoin could rally over 30% to $186 if it breaks the neckline resistance of an inverted Head-and-Shoulders pattern.

Litecoin (LTC) price surged by 15% on Jan. 30 after a positive development surfaced with regard to Canary Capital’s spot LTC ETF filing. The altcoin reached an intra-day high value of $134, forming a bullish engulfing candle over the previous 11 days.

The SEC has "acknowledged" Canary Capital's filing for a Litecoin ETF, pushing $LTC prices higher and triggering a wave of excitement among Litecoin users who believe $LTC is the better coin than Bitcoin.

Litecoin (CRYPTO: LTC) soared to double-digit gains on Wednesday after the SEC formally acknowledged its exchange-traded fund application. What happened: The regulator solicited comments on the ETF applied by digital asset trading firm Canary Capital and asked for those to be submitted 21 days after publication in the Federal Register.

Litecoin's 15% price increase to $125.90 was driven by positive FOMC meeting outcomes, potential ETF developments, and increased network activity with 122,000 new wallet holders.

Litecoin surged more than 11% in the last 24 hours as the US SEC moves closer to a decision on the Canary Litecoin ETF.