Litecoin Holds Ground Near $93 as Traders Eye ETF Green Light
Litecoin (LTC) is showing signs of renewed strength, bouncing over 2% in the last 24 hours and holding firm just below $93 amid speculation that an exchange-traded fund (ETF) approval may be on the horizon.
The digital asset briefly dipped in early Asia trading, falling from a session high of $93.58 to $91, before attracting fresh bids that helped it recover into U.S. hours. The rally came alongside broader market gains fueled by softer-than-expected U.S. inflation data.
Momentum appears to be building around a potential Litecoin ETF. Bloomberg’s James Seyffart recently gave a 90% probability of approval in 2025, putting LTC in the spotlight alongside other altcoins like Solana.
Key Technicals
- LTC traded in a 2.88% range between $90.97 and $93.58 over 24 hours.
- High-volume buying occurred around midday UTC, with over 249,000 LTC traded in one hour.
- Price action is forming a bullish ascending channel, with $91 holding as solid support.
- Resistance is visible near $93.50, a level tested multiple times this week.
- Volatility remains elevated, but the structure points to accumulation above $91.
Litecoin last traded at $92.95, suggesting growing investor confidence and technical positioning ahead of potential regulatory developments.
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