LTC drops below $110 as SEC delays Grayscale Litecoin ETF decision again

Digital currencies remained range-bound on Wednesday, waiting for recovery catalysts. While most cryptocurrencies retain their bullish structures, new regulatory uncertainty weighs on Litecoin.LTC drops below $110 as SEC delays Grayscale Litecoin ETF decision again Notably, the United States Securities & Exchange Commission has declared another postponement in deciding on the Grayscale Litecoin Trust exchange-traded fund. The development has seen LTC prices dipping below $110 for the first time since July 25. Meanwhile, the latest update pushes the SEC’s decision deadline to October 10, 2025. Litecoin Foundation ⚡️ @LTCFoundation · Follow Looks like the SEC has announced another delay for @Grayscale ’s Litecoin ETF, setting a new deadline of Oct 10th, 2025 for the decision. sec.gov/files/rules/sr… 12:07 AM · Jul 30, 2025 175 Reply Copy link Read 21 replies Cryptocurrency enthusiasts and Grayscale expected an LTC ETF authorization by August. However, the recent notice extends the waiting game again. As the altcoin reacts to the news, analysts highlight that Litecoin should stabilize above $108 to gather strength for short-term recoveries toward $115 – $120. Grayscale’s Litecoin ETF application The digital assets manager first filed a proposal to list Grayscale Litecoin Trust shares on NYSE Arca early this year. The proposal underwent an amendment in February before officially entering the Federal Register. The SEC has reviewed it since then, as the community closely watched. The trust is crucial as it will offer traditional investors access to Litecoin without directly investing in the digital token. That will likely attract more institutional inflows and boost adoption, especially for individuals and firms looking to benefit from cryptocurrencies without the technical aspects. While the regulator has already authorized Bitcoin and Ethereum ETFs, Litecoin’s has been more uncertain and slower. SEC pushes the LTC ETF deadline again According to the July 29 filing, the regulator confirmed that it requires additional time to analyze the ETF proposal. Thus, it has extended the review window by another 60 days, from the initial August 11 deadline to October 10. While the delay is not a surprise for those familiar with how the regulator has handled cryptocurrency ETFs. For instance, the SEC authorized , then declined Bitwise’s crypto ETF conversion, indicating its skepticism about approving these financial products. Meanwhile, the recent delay adds a layer of frustration for participants already tired of the slow regulatory advancement. An ETF approval matters to the Litecoin community. Besides boosting prices, an exchange-traded fund could enrich LTC’s mainstream presence, enhance liquidity and trading volume. Most importantly, it would attract institutions looking for legitimate crypto exposure. LTC price outlook The token trades at $108 after hitting the $107 intraday low. The declining daily trading volumes signal bearish sentiments. Also, the MACD’s bearish crossover on the 3H timeframe signals weakening momentum in the near term. Nonetheless, LTC trades at a crucial region. The charts display an optimistic picture, and analyst Ali Martinez trusts Litecoin could gather upside momentum and rally to $115 if it holds above $108. Ali @ali_charts · Follow If Litecoin $LTC holds above $108, it could gather momentum for a rebound to $115 or even $120! 8:26 PM · Jul 29, 2025 94 Reply Copy link Read 26 replies Overcoming the resistance at $116 would support upside continuation to $120. Meanwhile, broad market direction remains vital in determining Litecoin’s near-term trajectory. The post LTC drops below $110 as SEC delays Grayscale Litecoin ETF decision again appeared first on Invezz

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