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Litecoin Stumbles: ETF Hopes Clash With Crypto Market Slump in July 2025

Litecoin Stumbles: ETF Hopes Clash With Crypto Market Slump in July 2025

Author:
Coindesk
Published:
2025-07-01 15:10:51
22
3

Litecoin Slides as ETF Optimism Battles Wider Market Slowdown

Litecoin's price takes a hit as competing forces collide—bullish ETF speculation meets broader crypto lethargy.

Silver to Bitcoin's gold faces its reckoning

The 'digital silver' narrative gets tested as LTC mirrors the wider market's summer slump. ETF whispers provide fleeting support, but institutional interest remains lukewarm compared to Bitcoin's dominance.

Active traders pivot to derivatives while HODLers shrug—another Tuesday in crypto.

Meanwhile, Wall Street's latest 'blockchain innovation' turns out to be a rebranded Excel spreadsheet (again).

Technical Analysis Overview

Over the past 24 hours, Litecoin’s price swung through a $2.09 range, equal to a 2.46% move, as traders tested both support and resistance levels. Sellers stepped in forcefully around $86.65 to $87.10, a zone confirmed by a surge of high-volume selling.

Yet buyers have repeatedly defended the area between $85.02 and $85.23, which acted as a floor during midday trading on July 1.

While the broader 24-hour chart sketches a bearish tone, marked by lower highs that trace a descending trendline, shorter time frames hint at brewing optimism.

Litecoin earlier began to recover, climbing modestly from $85.22 to $85.59, a 0.43% increase. The rally gained traction during a brief window, when buying volume spiked past 5,500 tokens per minute, helping LTC break above a minor resistance at $85.50.

Another pocket of support surfaced between $85.03 and $85.18 during the same hour.

Combined with a short-term ascending channel showing higher lows, the pattern suggests that despite bigger-picture caution, LTC could be staging an attempt at upward momentum.

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