Ahead of the SEC’s decision regarding a potential Litecoin ETF, trading volume for Litecoin has surged significantly, reaching over $410 million, as investors anticipate this pivotal moment. This surge in activity is further amplified by Canary Capital’s proposed spot Litecoin ETF, which many believe could unlock increased institutional investment in the cryptocurrency. While the SEC delayed its decision on May 5th regarding Canary Capital’s proposal, market observers remain hopeful. Experts are optimistic about Litecoin’s potential for approval early and predict a surge in investors as traditional financial channels become more accessible through regulated products. This anticipation has led to a notable price breakout above multi-year resistance levels, with LTC currently trading above $88. Analysts suggest that this momentum could propel further gains if the SEC approves the ETF, opening doors for Litecoin to attract institutions and potentially surpassing its historical highs. Technical indicators support this optimism. A recent analysis of Litecoin’s charts shows a clear breakout from resistance zones, indicating a strong upward trend. The data reveals high-volume transactions exceeding $8 billion over the last week, suggesting an active approach by large investors who are not selling their holdings. Notably, these activity levels align with previous price cycles where institutional investment surged before significant price increases in 2017 and 2021. This renewed confidence in Litecoin signals a potential turning point for the cryptocurrency, potentially paving the way for substantial growth.