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Litecoin and Hedera under pressure: approvals delayed due to shutdown!
LTC Market Analysis: ETF approvals pending as US government shutdown weighs on prices and applications. Information from October 8th, 2025.
Litecoin and Hedera under pressure: approvals delayed due to shutdown!
On October 8, 2025, the financial world paid particular attention to developments surrounding the cryptocurrencies Litecoin (LTC) and Hedera (HBAR). Loud FXStreet Canary Capital has completed the necessary adjustments to the S-1 form for the spot ETFs of these two digital currencies, which is seen as a significant step towards approval.
However, the current market is under pressure, particularly from slowing retail demand. Market analysts see the ongoing US government shutdown as a key obstacle that could further delay US Securities and Exchange Commission (SEC) approval. Although the documents are now finalized, the SEC is unable to provide reviews or approvals due to the shutdown, further complicating the situation.
Market analysis and price development
Cryptocurrency Litecoin is currently trading at over $117 after posting losses over the past three days. The 50-day and 100-day Exponential Moving Average (EMA) are at $112 and $109, respectively, which could act as potential support. The Relative Strength Index (RSI) for LTC shows a decrease in bullish momentum at 56. According to analysts, if the price crosses $122, LTC could target $147.
Hedera is also under pressure. The cryptocurrency is moving within a falling channel pattern and has reversed 5% from the resistance trend line on Tuesday. HBAR is above the key 200-day EMA at $0.2126 but is struggling to avoid further decline. A fall below this value could test the support levels at $0.2046 or $0.1930, while the RSI for HBAR at 45 indicates that buying pressure cannot be sustained.
Outlook and fee structure
Another interesting aspect is the information on fees. Eric Balchunas, an ETF analyst at Bloomberg, has noted that the new S-1 changes include a 95 basis point fee, which is higher than Bitcoin ETFs. The final ticker codes for the ETFs are LTCC for the Litecoin ETF and HBR for the Hedera ETF, with approval deadlines of October 15 and November 8.
The development of the futures Open Interest (OI) shows that LTC and Hbar have dropped by over 2% or 4% in the last 24 hours, which indicates a closure of long positions. These trends and regulatory uncertainty could make the situation more challenging for investors in the coming weeks.
In summary, the approval of ETF applications for Litecoin and Hedera depends heavily on the political and economic conditions. The ongoing US government shutdown could be crucial to the future of these two crypto projects.