The approval process for the Litecoin (LTC) ETF has recently attracted significant attention, with market sentiment continuing to heat up. Authoritative analysts have raised the likelihood of LTC Spot ETF approval to 95%, primarily based on the key factor that regulatory agencies have not classified Litecoin as a security. This has resulted in LTC facing far less resistance at the regulatory level compared to other crypto assets.

The approval timetable shows that the relevant documents submitted by Nasdaq have entered the final stage, with results expected before September 17. On the other hand, Grayscale's application decision has been extended to October 10, which is widely regarded in the industry as just a procedural delay.

Compared to other crypto assets, LTC has a clear advantage in terms of application progress and compliance. Its complete application materials were submitted as early as January this year, much earlier than other coins. At the same time, LTC does not face securities attribute disputes like some other crypto assets, which greatly increases its chances of being the first altcoin ETF approved.

Market expectations for LTC ETF have begun to influence investment behavior. A biopharmaceutical company has announced a substantial investment in LTC as reserves, which has not only driven a significant increase in the company's stock price but also boosted the price of LTC. Even amidst the recent Bitcoin pullback, LTC has maintained a relatively stable performance, holding firm near the critical support level of 100 USD.

From a technical analysis perspective, the main resistance levels that LTC is currently facing are at 110 dollars and 120 dollars. If it can break through these key positions, it may trigger a stronger upward momentum. Meanwhile, the 95-105 dollar range has become an important support level; if it falls below this area, it may retreat to the secondary support range of 80-91 dollars.

As the ETF approval process progresses, the market's attention on LTC is continuously increasing. Investors are closely monitoring regulatory trends and price movements, hoping that LTC will stand out in the Crypto Assets market.