Canary Capital filed for a Litecoin spot ETF with the SEC, leading to a 7% price increase.

Litecoin's price increased by 7% to $71.26 after Canary Capital filed for a Litecoin spot exchange-traded fund (ETF) with the SEC. The ETF aims to provide retail and institutional investors direct access to LTC, potentially enhancing its legitimacy and liquidity. October's trading volume has contributed to LTC's upward trend, with forecasts suggesting a rise to $80, although a correction to $64 is possible if momentum wanes.