The approval of a Litecoin Exchange-Traded Fund (ETF) seems imminent as price risks decline. Canary Capital, a prominent firm in this field, leads the filing with a 0.95% management fee. Despite a high approval probability, analysts predict a potential price drop to $50 if the resistance level is not broken. Crypto analyst Ali Martinez highlights this technical risk. 0.95%, as reported by Canary Capital, will be applied as the management fee for this proposed ETF. The market is anticipating a significant impact on Litecoin’s price and broader cryptocurrency markets, with experts closely watching the outcome. If resistance at $135-$140 is not overcome, the price could dip to $50, according to analyst Ali Martinez. This has sparked discussions in the market, especially considering Litecoin’s history of struggles in breaking through this resistance level. The ETF approval process, coupled with its historical difficulties in gaining momentum above a certain price point, reflects increasing institutional interest in the cryptocurrency and its potential for stability in the broader crypto market. Despite these positive developments, caution is advised as analysts suggest that breaking past resistance will be crucial to avoid a significant price drop. The future of Litecoin’s price hinges on the success of this approval process and whether it can overcome technical hurdles, setting the stage for a more stable cryptocurrency ecosystem.