Litecoin ETF Delays: How Traders Get Squeezed While Wall Street Plays Paperwork Bingo

Litecoin’s ETF dreams hit another bureaucratic speedbump—leaving retail traders holding the bag. Again.

Here’s what happens next:

Short-term pain, long-term... maybe? Price dips as weak hands fold, while OGs stack satoshis at discount prices. Exchanges profit from volatility either way—surprise!

The silver lining? Delays force real adoption. No ETF means no lazy institutional money propping up artificial demand. Build or die.

Meanwhile, BlackRock’s lawyers bill by the hour.

Litecoin faces rejection at key Fibonacci retracement level

Source: LTC/USDT on TradingView

The 1-day chart revealed that Litecoin had a bearish swing structure, despite its bounce from $63 in April. The $96.5 swing high must be breached to turn the structure around. However, the lower timeframe structure was bullish, and the D1 Awesome Oscillator also highlighted upward momentum.

And yet, the A/D showed that buying pressure has been weak over the past month. This is not good news for investors. Furthermore, the $89.3-level represented the 78.6% Fibonacci retracement level.

LTC bulls faced rejection from this level a few days ago, and the price appeared to form a short-term range from $83.3 to $88.8. The weak demand meant that a rejection from $89 might be more likely than a bullish breakout.

Source: Coinglass

The 2-week liquidation heatmap underlined the $80.3 and $91.4 regions as the nearby magnetic zones that could attract the price towards themselves. The $91.4-level was closer at press time, making it slightly more feasible as a target. The short-term momentum of Bitcoin [BTC] would likely also influence LTC.

In the coming days, the range formation is likely to remain in place. The lack of bullish conviction, combined with the liquidation levels outlined by the chart above, suggested that Litecoin will likely sweep both levels before embarking on its next impulse move.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion