LTC Price Analysis: Key Levels to Watch as Litecoin Tests $80 Resistance

Litecoin (LTC) is showing signs of a potential breakout as it tests the critical $80 resistance level. After bouncing from the $70 support zone, LTC’s next moves could determine its medium-term trajectory. Analysts highlight $96 and $113 as bullish targets if momentum builds, while a drop below $68 may invite further downside pressure.

Litecoin Price Analysis: Potential Breakout Above $80

Litecoin (LTC) has bounced off the support zone at $70 but lacks momentum for a complete flip to a bullish price structure. The price is currently trading between $68 and $80, which act as key support and resistance levels. A decisive rise above $80 could initiate an upward trajectory, potentially reaching $96 and $113 in the longer term. Conversely, a drop below $68 could trigger additional selling pressure.

Bitcoin Dominance Could Drop to 40%, Favoring Altcoins

Bitcoin’s dominance in the crypto market has reached 63.2%, its highest level this year. According to technical analysis, BTC’s market share could drop to 40% or even 34.9% in the coming months, potentially ushering in a new altcoin season. Cryptocurrencies such as Ethereum (ETH), XRP, Cardano (ADA), Chainlink, BNB, and Litecoin (LTC) could be the first to benefit from this shift. While the context differs from previous cycles due to the advent of Bitcoin ETFs, the drop in Bitcoin dominance could still spell opportunities for altcoin investors.

72 Crypto ETFs Await SEC Approval, Including Altcoins and Memecoins

This year, the SEC is reviewing 72 crypto ETF applications, covering a range of cryptocurrencies from altcoins like Litecoin and Solana to memecoins like Doge and Melania. Issuers are hopeful for approval in a more crypto-friendly regulatory environment.