💵 💴 💶Nasdaq Takes First Step for Litecoin ETF Approval💴 💶

Nasdaq has submitted the 19b-4 form to the U.S. Securities and Exchange Commission (SEC)
on behalf of Canary Capital for the “Canary Litecoin ETF.” This application is considered one
of the key steps for the approval of a spot Litecoin ETF. Previously, Canary Capital updated
its S-1 form and submitted it to the SEC. According to the application, U.S. Bank N.A. will be
responsible for safeguarding the ETF’s cash assets, while Litecoin assets will be secured by
Coinbase Custody Trust Company LLC. The ETF’s administration will be provided by U.S.
Bancorp Fund Services LLC.3.2%, below the forecasted 3.3%.

JPMorgan: “Bitcoin Dominance Will Continue to Rise,” Lists 8 Reasons

The dominance of Bitcoin, which surged significantly in 2024 with the approval of ETFs in the U.S. and overshadowed altcoins, especially Ether, continues to be a topic of curiosity for altcoin investors. Analysts at JPMorgan, one of the world’s largest investment banks, stated that they expect this trend to persist this year.

Trump’s Inauguration Date Approaches

Trump’s Inauguration Date Approaches

cryptocurrency Bitcoin is trading at $101,390, while Ethereum is at $3,366. The total market capitalization of the cryptocurrency market stands at $3.5 trillion. Bitcoin’s market capitalization is $2 trillion, and Ethereum’s market capitalization is $405 billion. Yesterday, there was an inflow of $626.1 million into spot Bitcoin ETFs and $166.6 million into spot Ether ETFs. A bulletin prepared by the CoinTR Research Department highlights key developments in the cryptocurrency sector.

Technical Overview

DXY

DXY On the daily chart, the DXY has broken out of a descending wedge structure and appears to be maintaining its upward trend. It is currently trading at the 109.85 level. As long as the horizontal support level of 105.68 is not breached, the upward trend in the DXY is likely to continue for some time. If the trend persists, the potential resistance levels are 112.34 and 115, respectively. Should the price break out at the 112.34 region with significant volume, the uptrend may extend toward the 115 levels.

Resistances: 112.34 / 115.00 / 120.76
Supports: 107.34 / 105.68 / 104.38

BTC/USD

Bitcoin’s recovery is ongoing, with momentum from a horizontal support level pushing it close to $100,000. Breaking the descending resistance level could extend Bitcoin’s uptrend to the $108,186 region.

Resistances: 108,985 / 118,500 / 123,550
Supports: 92,000 / 88,362 / 83,365

ETH/USD

Ethereum has seen a long-awaited rise, reaching $3,400. The next critical resistance zone to monitor is $3,539. A strong breakout above this level could further sustain Ethereum’s uptrend.

Resistances: 3,539 / 4,086 / 4,782
Supports: 3,110 / 2,808 / 2,134

NASDAQ

The index’s uptrend continues to strengthen within the ascending channel structure on weekly charts. Short-term declines could lead to resistance breakouts, potentially driving the index back to 22,143 in the near term. The key support zone to watch for pullbacks is 19,643.

Resistances: 22,143 / 25,320 / 26,979
Supports: 19,643 / 17,681 / 16,303

BRENT

Brent Crude is experiencing medium-term recoveries and has regained its previously lost channel structure, continuing its uptrend. Having surpassed the 76.98 resistance level, prices are expected to climb toward the 85.00 range if sustained above this level. Key support during pullbacks is 72.37.

Resistances: 85.84 / 95.53 / 102.43
Supports: 80.00 / 76.15 / 70.17

EURUSD

The Euro formed a double top at the 1.11 level and entered a downtrend. After breaking below the 1.10 support, it has retreated to the lower band of its channel at 1.0367. Buyers may step in at this critical support, but a break lower could see further declines to 1.018.

Resistance Levels: 1.0575 / 1.1043 / 1.1213
Support Levels: 1.0180 / 0.9936 / 0.9542

XAUUSD

Gold has gained momentum after rebounding from the 2610 support zone, resuming its upward trend. Breaking through the key resistance at the 2666 level with strong volume, it continues its bullish path. However, it may retest the recently broken resistance level. In case of a pullback, 2665 will serve as a key support zone to monitor.

Resistance Levels: 2717 / 2756 / 2790
Support Levels: 2666 / 2589 / 2550

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