Litecoin is witnessing a significant rise in its value, driven by the hype around Canary Capital's forthcoming launch of a Litecoin exchange-traded fund (ETF). This financial instrument is poised to attract more investors to the digital asset, thereby pushing its price upwards.

In addition to this, the US Securities Exchange Commission (SEC) is currently reviewing Coinshare's proposal to introduce another Litecoin ETF on the Nasdaq platform. The prospect of these developments has ignited optimism among investors, causing $LTC to display positive performance across all financial charts. These events have also led to an increase in the coin's market capitalization.