Litecoin (LTC) has gained 6% to reach $118.16 amid speculation over the SEC's decision on the Canary Litecoin ETF. Trading volume has surged over 110% as traders anticipate the October 2 deadline. Optimism is high, with approval odds on Polymarket nearing 90%. However, potential delays due to updated listing standards and a U.S. government shutdown could postpone approval to 2026. Kraken's 10x leverage on LTC trading has increased liquidity but also risk, with a funding rate spike to +0.0054%. Approval could see LTC target $130–$140, while rejection may lead to a pullback toward $100 support.