Litecoin (LTC) is on the brink of a significant milestone as analysts predict over a 90% chance that the U.S. Securities and Exchange Commission (SEC) will approve a spot Litecoin ETF, potentially catapulting the cryptocurrency to new heights.

Bloomberg analysts James Seyffart and Eric Balchunas have highlighted the increasing likelihood of a green light for the ETF, with the SEC expected to make its final decision between October 2 and October 18. The straightforward path to approval is largely due to the already filed and acknowledged S-1 and 19b-4 forms, according to Seyffart. He also notes…