Litecoin ETF Buzz Grows Despite Price Pullback From $101 High
Litecoin’s ETF dreams get a credibility boost—just as its price takes a 15% dive from last week’s peak. Wall Street’s suddenly whispering about LTC as the ’next Bitcoin ETF play,’ because nothing screams validation like institutional FOMO chasing last cycle’s leftovers.
Meanwhile, traders shrug off the dip as healthy consolidation. ’We saw the same pattern before Bitcoin’s ETF approval,’ claims one over-leveraged crypto bro, ignoring the 27 regulatory hurdles still in Litecoin’s way.
The real tell? Grayscale quietly adding LTC to its digital large cap fund. Because when the vampire capitalists of crypto start accumulating, you can bet the speculative machinery is warming up.
Technical Analysis Highlights
- Litecoin fell from a high of $101.90 to a low of $95.73, representing a 6.05% decline over 24 hours.
- Strong resistance established at $101.65 level where price repeatedly failed to break through.
- Support emerged around $95.82 with substantial buying volume (304,377 units).
- Potential double bottom formation identified near the lows.
- Trading range of $5.87 (5.76%) indicates heightened volatility.
- Price currently consolidating near $96.94, suggesting possible stabilization.
- Remains vulnerable to further downside pressure if $96.24 support fails.
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