The SEC has "acknowledged" Canary Capital's filing for a Litecoin ETF, pushing $LTC prices higher and triggering a wave of excitement among Litecoin users who believe $LTC is the better coin than Bitcoin.

Litecoin saw double-digit gains after the SEC acknowledged Canary Capital's Litecoin ETF filing. This puts it ahead of XRP and Solana ETF filings, which have yet to be acknowledged by the SEC. Litecoin could rally over 30% to $186 if it breaks the neckline resistance of an inverted Head-and-Shoulders pattern.

Litecoin (CRYPTO: LTC) soared to double-digit gains on Wednesday after the SEC formally acknowledged its exchange-traded fund application. What happened: The regulator solicited comments on the ETF applied by digital asset trading firm Canary Capital and asked for those to be submitted 21 days after publication in the Federal Register.

The SEC has opened a 21-day public comment period for Canary Capital's Litecoin ETF proposal, which would offer traditional brokerage access to the cryptocurrency

Litecoin price surged 13% on Thursday followed by U.S. SEC formally acknowledging Canary Capital's application for a spot Litecoin ETF.

Canary's proposed Litecoin ETF aims to eliminate the technological hurdles that have historically irked mainstream investors.

Litecoin surged more than 11% in the last 24 hours as the US SEC moves closer to a decision on the Canary Litecoin ETF.