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LTC ETF expects to rise even with prices off the price from $ 101 peak



The cryptocurrency market is experiencing significant essence -change because global economic factors and regulatory developments create both challenges and opportunities. Litecoin’s recent action reflects the broader sentiment in the market, along with the cryptocurrency that encounters a strong resistance to $ 101.65 after reaching a peak of $ 101.90. Despite the subsequent correction in the range of $ 95- $ 96, the LTC showed the stability with support emerging around $ 95.82.

Market analysts are pointing to the recently —what US-China’s tariff agreement As a major driver behind Litecoin price movements, there is a cryptocurrency that gets a bullish momentum following the announcement of the deal. In addition, Federal Reserve policy decisions have contributed to positive emotions with risk ownership, which helps the LTC maintain its position above support levels despite the correction.

In the regulatory scene, the SEC is Delayed decisions on Spot Applications ETF For many cryptocurrencies including Litecoin, which creates uncertainty but also expected. Despite these delays, Betting markets show ~ 80% probability For approval before the end of the year, suggesting continued optimization with investors. The atmosphere of this regulation, combined with the increase in the institutional adoption and utility of the cross-border transaction, the Litecoin positions as a significant player in the emerging cryptocurrency ecosystem.

Technical assessments

  • Litecoin fell from a high $ 101.90 to a low $ 95.73, representing a 6.05% decline within 24 hours.
  • Strong resistance established at the $ 101.65 level where the price failed repeatedly.
  • The support appeared around $ 95.82 with a large amount of purchase (304,377 units).
  • The potential double formation of the bottom identified near the lows.
  • Trade range of $ 5.87 (5.76%) indicates increased volatility.
  • The price is currently combined near $ 96.94, suggesting a possible stabilization.
  • Remains vulnerable to further downside pressure if the support failed of $ 96.24.

This technical review is conducted in accordance with the CoinDesk’s research model S studying CoinDesk data

Denial: This article was formed using AI tools and our editorial team reviewed to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s entire AI policy. This article may include information from external resources, listed below as appropriate.

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