Bitcoin News Today: Regulators may take control of Litecoin's next big move

Litecoin (LTC) is consolidating and is expected to break the $8,400 mark in the long term. The current trading price is $91.77, with a daily increase of 2.60% and a weekly decline of 11.79%. A Litecoin ETF is about to be approved after the listing of the U.S. Securities Custody Clearing Corporation (DTCC), and analysts believe that the likelihood of approval is as high as 85% since its Bitcoin-based code tends toward the SEC's commodity classification. Litecoin’s fast trading speed and privacy features such as MimbleWimble are expected to help it improve liquidity and adoption.