61% of institutions plan to boost crypto exposure despite October crash: Sygnum

💡 DMK Insight

The potential end of the US government shutdown could be a game-changer for altcoin ETFs, and here’s why: institutional interest is likely to surge. With LTC currently at $99.64, traders should keep an eye on how this news could influence altcoin prices. If bulk approvals for ETFs happen, we might see a significant uptick in demand, pushing prices higher. This could also create a ripple effect across the crypto market, benefiting not just LTC but also other altcoins that could be included in ETF portfolios. Watch for key resistance levels around $105 and support near $95 as traders react to this news. But let’s not ignore the flip side—if the approvals don’t materialize or if market sentiment shifts negatively, we could see a quick pullback. So, it’s crucial to monitor the developments closely and adjust positions accordingly. Keep an eye on trading volumes and sentiment indicators as the situation unfolds.