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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/litecoins-promising-outlook-as-commodity-status-looms/" data-wpel-link="internal">Litecoin’s Promising Outlook as Commodity Status Looms</a> 
<a href="https://en.coin-turk.com/analysis-shows-over-80-of-supply-for-major-cryptos-in-profit/" data-wpel-link="internal">Crypto</a> currency investors are thinking that the next ETF approval will be for Ether, but we might see a surprise here. Recent developments confirm that there are cryptos other than <a href="https://coin-turk.com/bitcoinden-bir-rekor-daha-geldi-bu-sefer-btc-altin-rekorunu-kirdi" data-wpel-link="internal">BTC</a> that are considered distinct commodity types. Eleanor from Fox shared exciting new rumors about LTC. 
<h2 style="text-align: justify" id="the-future-of-litecoin-ltc">The Future of Litecoin (LTC)</h2> 
The CFTC stated in the Kucoin case that both <a href="https://coin-turk.com/ay-sonuna-kadar-ethereum-eth-fiyat-hedefi-yuzde-58-bolgesi-kritik" data-wpel-link="internal">Ethereum</a> and <a href="https://coin-turk.com/bu-altcoin-412-dolardan-47-dolara-dusmustu-yeni-hedef-778-dolar" data-wpel-link="internal">Litecoin</a> are commodities. If there is no objection from the CFTC regarding Coinbase’s derivative product by April 1st, LTC, <a href="https://en.coin-turk.com/whales-accumulate-dogecoin-in-surprising-move/" data-wpel-link="internal">DOGE</a>, and BCH will officially be stamped as commodities. This implies that LTC prices could rise even more in the upcoming weeks. 
What’s causing even more excitement among investors is a share made by Eleanor Terrett. She wrote a few minutes ago; 
<blockquote> 
 “I’m hearing rumors about possible institutional interest in a Litecoin ETF. The logic is that due to LTC’s functional similarities to <a href="https://en.coin-turk.com/navigating-through-the-standstill-anticipating-volatility-in-cryptocurrency-markets-amidst-bitcoins-stable-status/" data-wpel-link="internal">BTC</a>, the SEC might be even more inclined to approve it, possibly even more so than ETH. 
 Last week’s application related to Coinbase Derivatives is also significant.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-333612 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/LTC-Fiyati-Artabilir.png" alt="" width="687" height="427"> 
LTC continues the day at $93 and has not experienced the expected increase following this news. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/litecoins-promising-outlook-as-commodity-status-looms/" data-wpel-link="internal">Litecoin’s Promising Outlook as Commodity Status Looms</a></h5>

Litecoin’s Promising Outlook as Commodity Status Looms

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