All Eyes on the SEC For Altcoin ETFs

For crypto investors, the launch of altcoin ETFs has long been one of the most anticipated developments. Despite the SEC’s historical hesitations and strict regulatory stance, industry experts suggest the agency may finally be prepared to give approval to certain well-established projects.

Seyffart’s List of Altcoin ETF Candidates

According to Seyffart, several altcoins appear to meet the SEC’s listing standards. These include Chainlink (LINK), Stellar (XLM), Bitcoin Cash (BCH), Avalanche (AVAX), Litecoin (LTC) and Polkadot (DOT). Each of these projects has proven technical foundations and sufficient trading activity to make the cut.

In addition, long-standing names such as XRP, Solana (SOL), Cardano (ADA), Dogecoin (DOGE) and Shiba Inu (SHIB) stand out thanks to their deep liquidity and well-developed derivatives markets, which strengthen their positions as strong contenders.

The Strongest Trio: XRP, Solana, and Cardano

Among all the potential candidates, Seyffart singled outXRP, Solana, and Cardano as the most likely to secure SEC approval first. Their market maturity, high liquidity, and strong investor interest put them ahead of the pack.

As he emphasized: “The probability of a spot ETF launch is highest for XRP, Solana, and Cardano.”

Ethereum ETFs and the Role of Staking

Seyffart also touched upon Ethereum-based ETFs. He argued that if staking is officially allowed within these products, demand could rise sharply, creating a significant shift in investor appetite for ETH ETFs.

Signs of an “Altcoin Season”

The Bloomberg analyst further noted that the crypto market is already in the midst of an “altcoin season.” However, he warned that this cycle is not identical to previous ones and stressed that altcoin ETFs are unlikely to generate the same level of market impact as Bitcoin ETFs did.

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Bitcoin Intraday Key Levels

The BTC/USD pair has lost 2.46% in the last 24 hours and is currently trading at $91,972. If Bitcoin (BTC) loses the $91,200 support, the next support level is at $81,000. On the resistance side, the first key level is at $94,200, followed by $98,200.

Ethereum (ETH): The ETH/USDT pair has dropped 6.71% in the last 24 hours and is currently trading at $2,348. Resistance levels for ETH are at $2,520 and $2,640, while support levels are at $2,280 and $2,150.

Lido DAO (LDO): The LDO/USDT pair has lost 5.68% in the last 24 hours and is currently trading at $1.29. Resistance levels for LDO are at $1.39 and $1.60, while support zones are at $1.27 and $1.19 if the decline deepens.

Litecoin (LTC): The LTC/USDT pair has fallen by 8.92% in the last 24 hours and is currently trading at $116.41. Resistance levels for LTC are at $121 and $130, while support levels are at $115 and $109 if the decline extends further.

Solana (SOL): The SOL/USDT pair has dropped 10.29% in the last 24 hours and is currently trading at $160.44. Resistance levels for SOL are at $178 and $205, while support levels are at $146 and $131 if the downtrend continues.

Trending Coins

Over the past 24 hours, the most trending coins in the crypto market have been Mantra (OM), Lukso (LYX), and Cardano (ADA). The top gainers include Cardano (ADA), Snek (SNEK), and Fartcoin (FARTCOIN). The top losers include Infrared Bera (IBERA), Maker (MKR), and Celestia (TIA).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the most notable liquidation on the upside is at $95,140 with $49.38 million in liquidations. On the downside, the key level is $90,607, with $20.29 million in liquidations.

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Bitcoin (BTC) Key Levels for the Day

The BTC/USD pair has gained 2.92% in the last 24 hours and is currently trading at $105,237. Bitcoin BTC has broken through the $101,545 resistance level, moving into a higher range. If BTC maintains this level, the next resistance point is $105,766. The support levels are $102,599 and $101,545.

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Ethereum (ETH): The ETH/USDT pair has gained 2.90% in the last 24 hours and is currently trading at $3,215. Resistance levels for Ethereum ETH are $3,217 first, followed by $3,290. Support levels are at $3,091 and $2,994.

Litecoin (LTC): The LTC/USDT pair has surged 14.14% in the last 24 hours and is now trading at $129.12. Litecoin LTC faces resistance at $130.05 first, then $138.59. Support zones are at $114.61, with further declines potentially testing $104.86.

JasmyCoin (JASMY): The JASMY/USDT pair has risen 8.43% in the last 24 hours and is currently trading at $0.02633. Resistance levels for JasmyCoin JASMY are $0.02795 first, followed by $0.03052. Support zones are at $0.02587, with deeper declines possibly reaching $0.02417.

Curve DAO Token (CRV): The CRV/USDT pair has climbed 8.58% in the last 24 hours and is now trading at $0.7580. Curve DAO Token CRV faces resistance at $0.7568 first, then $0.8350. Support levels are at $0.7247, with further declines potentially reaching $0.6717.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market include Reploy RAI, Venice Token VVV, and Hyperliquid HYPE. The top gainers are AI Companions AIC, Onyxcoin XCN, and DeepBook DEEP. On the other hand, the biggest losers are dogwifhat WIF, Spell SPELL, and Vine VINE.

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the most notable liquidation level on the upside is $106,566 with $27.89 million. On the downside, the key liquidation level stands at $104,434 with $81.97 million.

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Daily Analysis

Bitcoin (BTC): The BTC/USDT pair has dropped by 3.93% in the last 24 hours and is currently trading at $61,491. Key support levels are found at $57,453 and $52,645, while resistance is seen at $64,263 and $66,540.

Ethereum (ETH): The ETH/USDT pair has decreased by 5.85% in the last 24 hours and is currently trading at $2,486. Key support levels for ETH are $2,249 and $2,151, while resistance levels are $2,708 and $2,824.

Tron (TRX): TRX/USDT has decreased by 1.50% in the last 24 hours and is currently trading at $0.1542. Tron’s support levels are $0.1494 and $0.1462, with resistance at $0.1550 and $0.1616.

Solana (SOL): The SOL/USDT pair has decreased by 5.72% in the last 24 hours, currently trading at $146.67. Key support levels are $141.13 and $126.98, while resistance is seen at $152.69 and $162.48.

Litecoin (LTC): LTC/USDT has dropped by 6% in the last 24 hours and is currently trading at $63.99. Support levels are found at $62.13 and $59.31, with resistance levels at $71.47 and $77.10.

Upcoming Events

Liquidation Heatmap

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Daily Analysis

Bitcoin (BTC): The BTC/USDT pair has dropped by 1.81% in the last 24 hours, currently trading at $62,896. The first resistance level is $64,007, followed by $65,092. On the downside, support is seen at $59,304, with the next level at $57,495.

Ethereum (ETH): The ETH/USDT pair has seen a slight drop of 0.03%, now trading at $2,545. Resistance is first at $2,598 and then $2,793. Support lies at $2,277, followed by $2,152.

Tron (TRX): The TRX/USDT pair has dropped by 0.59%, with the current price at $0.1517. Resistance levels are $0.1544 and $0.1698, while support can be found at $0.1491 and $0.1333.

Litecoin (LTC): The LTC/USDT pair has declined by 1.58% over the last day, now trading at $65.17. The first resistance is at $66.80, followed by $77.02, while support is at $62.56, and below that, $50.05.

Toncoin (TON): TON/USDT has seen a significant drop of 4.78%, trading at $5.48. Resistance levels are $5.894 and $7.110, while support is located at $5.165 and $4.437.

Events of the Day

Liquidation Heatmap

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Daily Analysis

Bitcoin (BTC): The BTC/USDT pair has gained 3.38% in the last 24 hours and is currently trading at $60,035. Resistance levels for BTC are $61,431 and then $65,121. Support levels are $55,526 and below this zone is $53,730.

Ethereum (ETH): The ETH/USDT pair has gained 3.21% in the last 24 hours and is currently trading at $2,421. Resistance levels for ETH are first at $2,493 and then at $2,597. Support levels are at $2,317 and below this zone is the $2,224 level.

Dogecoin (DOGE): The DOGE/USDT pair has gained 3.98% in the last 24 hours and is currently trading at $0.1069. Resistance levels for DOGE are first $0.11496 and then $0.13592. Support levels are $0.09395 and below this zone is the $0.08825 level.

Litecoin (LTC): The LTC/USDT pair has gained 3.59% in the last 24 hours and is currently trading at $65.09. Resistance levels for LTC are first $68.59 and then $76.81. Support levels are $60.11 and below this zone is the $55.10 level.

Avalanche (AVAX): The AVAX/USDT pair has gained 4.84% in the last 24 hours and is currently trading at $24.93. Resistance levels for AVAX are first $27.655 and then $33.0323. Support levels are $22.896 and below this zone is the $20.525 level.

Events of the Day

Liquidation Heatmap

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After spot transaction volume increased 40% over the past 24 hours, litecoin now ranks $410.08 million. Rising the volume-to—market cap ratio to 8.09% this additional activity has also indicated increased liquidity and raised investor and trader interest.

The Litecoins owned by Grayscale Investments have also grown; at just now, they count 1.84 million LTC. The price and market attitude of Litecoin appear to have improved with this growing institutional interest.

Rising from 327,720 to 434,750 in only one day, active Litecoin addresses indicate obvious on-chain data increase from IXFI. This increasing count of active addresses points a notable increase in Litecoin trading and investing activity.

Positive Prospects and Goals

Technically, Litecoin has shown a descending triangle on the weekly chart—a trend usually seen as positive. This triangle has experienced opposition since 2021, even although support of around $50 has been robust since 2018.

Behavior of prices below the 200-period and the 50-period EMAs verified this; Litecoin fell from a 2021 high of $414.91 into a slide. Though Litecoin stays above the $74 level, suggesting a likely change of character (CHoCH), the most recent price rise relates to Litecoin maybe about ready for a breakout.

Based on current market activity, short-term Litecoin targets are $115, $145, and $176; Fibonacci retracing method implies likely long-term targets of $210, $280, and $360.

Originally peaking on the daily chart at $112 on April 1, 2024, Litecoin dropped to $49.90 on August 5. Trading at $65.48 with constant momentum, the price has rebounced by more than 32% in the last two weeks.

Technical indicators such as the MACD and RSI imply that more growth might be expected particularly if Litecoin can sustain its present increases and break beyond important resistance levels.

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Bitcoin (BTC) broke the resistance level of $65,460 and continued to rise, currently trading at $65,570. After falling to the level of $62,440, it quickly gained volume and rose to its current level within hours. If it makes a daily close above the level of $65,460 in the first stage, its next target will be the resistance level of $66,100.

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Bitcoin (BTC): The BTC/USDT pair has gained 1.70% in the last 24 hours and is currently trading at $65,570. For BTC, the resistance levels are first at $66,100 and then at $67,000. The support levels are at $65,460 and, if below this region, at $64,265.

Ethereum (ETH): The ETH/USDT pair has gained 0.55% in the last 24 hours and is currently trading at $3,470. For ETH, the resistance levels are first at $3,480 and then at $3,530. The support levels are at $3,400 and, if below this region, at $3,360.

Ripple (XRP): The XRP/USDT pair has gained 10.17% in the last 24 hours and is currently trading at $0.5954. For XRP, the resistance levels are first at $0.6420 and then at $0.7111. The support levels are at $0.5741 and, if below this region, at $0.5494.

Polkadot (DOT): The DOT/USDT pair has gained 1.57% in the last 24 hours and is currently trading at $6.477. For DOT, the resistance levels are first at $6.743 and then at $7.473. The support levels are at $6.284 and, if below this region, at $5.890.

Litecoin (LTC): The LTC/USDT pair has gained 0.90% in the last 24 hours and is currently trading at $73.60. For LTC, the resistance levels are first at $76.24 and then at $78.80. The support levels are at $72.98 and, if below this region, at $70.70.

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Bitcoin (BTC), unable to hold at the $58,400 resistance level, is currently priced at $57,600. After falling through supports for days and then gaining volume to rise from the level it dropped to, it failed to maintain the resistance level, causing the price to retreat. As long as it closes the daily candle above the $58,400 level, we can say that the price movement will be upward.

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Bitcoin (BTC): The BTC/USDT pair has lost 2.86% in value over the past 24 hours and is currently trading at $57,600. The resistance levels for BTC are first at $58,400, and then at $60,200. The support levels are at $56,550, and below that, at $55,320.

Ethereum (ETH): The ETH/USDT pair has gained 1.35% in value over the past 24 hours and is currently trading at $3,077. The resistance levels for ETH are first at $3,090, and then at $3,170. The support levels are at $3,030, and below that, at $2,920.

BNB (BNB): The BNB/USDT pair has lost 0.15% in value over the past 24 hours and is currently trading at $525. The resistance levels for BNB are first at $530, and then at $549.5. The support levels are at $498, and below that, at $480.5.

Aptos (APT): The APT/USDT pair has lost 0.33% in value over the past 24 hours and is currently trading at $6.14. The resistance levels for APT are first at $6.37, and then at $6.73. The support levels are at $5.76, and below that, at $5.38.

Litecoin (LTC): The LTC/USDT pair has lost 1.60% in value over the past 24 hours and is currently trading at $67.17. The resistance levels for LTC are first at $67.40, and then at $70.70. The support levels are at $63.18, and below that, at $61.02.

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