Litecoin Pulls Back From Highs Amid Market Jitters, ETF Hopes Still in Play
Litecoin (LTC) has come under pressure after hitting a recent peak, with increased volatility pushing the token down to key support levels. While broader macro conditions and policy shifts continue to stir the crypto landscape, Litecoin’s latest moves suggest a mix of resilience and caution.
After touching an intraday high of $101.90, LTC faced firm resistance near $101.65 before retreating sharply to a low of $95.73. Despite the drop, buyers have stepped in around $95.82, providing a temporary floor for the correction.
Analysts attribute some of the bullish momentum leading into the week to the recently signed US-China tariff agreement, which has buoyed market confidence. Further tailwinds have come from the Federal Reserve’s signals of a less aggressive stance on rate hikes—boosting demand across risk assets, including cryptocurrencies like Litecoin.
On the regulatory front, the SEC continues to delay decisions on spot ETF applications for several digital assets, Litecoin included. While the pause adds uncertainty, the sentiment among investors remains constructive. Betting markets are currently pricing in an ~80% chance of approval before the end of 2025, sustaining optimism around LTC’s long-term potential.
Technical Breakdown:
- LTC slid 6.05% from $101.90 to $95.73 in a 24-hour span.
- Strong resistance persists at the $101.65 level, capping upward momentum.
- Key support found near $95.82, where a notable spike in volume (304K units) indicated dip-buying interest.
- Possible double-bottom pattern forming near session lows, signaling a potential reversal zone.
- Trading range expanded to $5.87 (5.76%), underlining market volatility.
- LTC is consolidating around $96.94, suggesting a short-term pause.
- A breakdown below $96.24 could trigger additional downside, while holding above may invite a bullish bounce.
While short-term headwinds remain, Litecoin’s expanding role in cross-border payments and the possibility of ETF approval continue to attract institutional attention, keeping it firmly on the radar for investors navigating the current crypto cycle.
