Litecoin

when

Change

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-developments-may-change-the-game-for-certain-altcoins/" data-wpel-link="internal">SEC Developments May Change the Game for Certain Altcoins</a><br></p>
<p style="text-align: justify">The SEC has long been a nightmare for cryptocurrency investors, but this could now change for some altcoins. For years, the US Securities Regulator has been unable to subdue XRP Coin, and as of last year, it has been trying to label nearly 50 cryptocurrencies as securities. This poses a serious risk for assets other than <a href="https://coin-turk.com/kripto-para-piyasasinda-kanli-sabah-btc-eth-ve-xrpde-son-durum" data-wpel-link="internal">BTC</a>.</p> 
<h2 style="text-align: justify" id="the-future-of-litecoin-ltc">The Future of Litecoin (LTC)</h2> 
<p style="text-align: justify">XRP, <strong><a href="https://en.coin-turk.com/crypto-market-trembles-bitcoin-drops-below-25k-impacting-altcoins/" data-wpel-link="internal">MATIC</a></strong>, and many other cryptocurrencies are considered to meet the SEC’s securities standards. However, they do not think the same for <a href="https://coin-turk.com/tahminleri-cikan-analistten-ezber-bozan-bitcoin-btc-yorumu-son-2-gun" data-wpel-link="internal">Bitcoin</a>, and some cryptocurrencies may escape this nightmare along with <a href="https://en.coin-turk.com/possible-scenarios-in-bitcoin-btc-key-date-to-watch-in-btc/" data-wpel-link="internal">BTC</a>. We mentioned yesterday the application made by the Coinbase exchange. If there are no surprises, <a href="https://en.coin-turk.com/is-dogecoin-doge-able-to-break-free-from-the-downtrend-current-data-and-what-you-need-to-know/" data-wpel-link="internal">DOGE</a>, LTC, and BCH could receive the “commodity” label from the CFTC on April 1st.</p> 
<p style="text-align: justify"><strong>LTC’s price</strong> has started to recover following this development. This significant event is expected to affect its short and medium-term performance, potentially increasing the appetite of Litecoin investors in the coming days.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-331489 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/LTC-yatirimci-karliligi.webp" alt="" width="1536" height="520"></p> 
<p style="text-align: justify">Moreover, since LTC profitability is currently at 58%, surpassing the $100 level would not be surprising. Normally, when profitability in BTC and altcoins reaches the 95% threshold, price corrections are triggered, and with LTC ready for a news-supported rally, there is ample room for growth.</p> 
<h2 style="text-align: justify" id="ltc-coin-commentary">LTC Coin Commentary</h2> 
<p style="text-align: justify">The Reserve Risk metric also indicates that the risk of LTC investors starting to sell is low at this stage. The altcoin, which experienced significant price fluctuations during last year’s halving period, is now quite balanced, and a noteworthy portion of its investors have seen at least one bull market.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-331490 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/ltc-rezerv-risk.webp" alt="" width="1536" height="864"></p> 
<p style="text-align: justify">Investors aware of the current bullish trend focus on longer-term goals in popular, established altcoins like LTC and see dips as accumulation opportunities. When investor confidence is high and the price is low, the mentioned metric gives a bullish signal. In other words, both the news flow and this data indicate a positive outlook for LTC.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-331491" src="https://coin-turk.com/wp-content/uploads/2024/03/LTC-grafik-21-22-mart.png" alt="" width="1892" height="762"></p> 
<p style="text-align: justify">In an optimistic scenario for LTC, closures above $86 could lead to tests of $100 and $113. However, if the $86 region remains strongly unbroken, a retracement to $79 and $71 is likely.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/sec-developments-may-change-the-game-for-certain-altcoins/" data-wpel-link="internal">SEC Developments May Change the Game for Certain Altcoins</a></h5>

SEC Developments May Change the Game for Certain Altcoins

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