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LTC Shows Resilience as Broader Crypto Market Retreats

LTC Shows Resilience as Broader Crypto Market Retreats

Author:
LTC News
Published:
2025-05-05 15:33:24
19
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[TRADE_PLUGIN]LTCUSDT,LTCUSDT[/TRADE_PLUGIN]

The CoinDesk 20 Index experienced a notable decline over the weekend, dropping 2.9% to 2699.5, with NEAR Protocol and Avalanche leading the losses. However, Litecoin (LTC) stood out as one of the few gainers, showcasing its resilience in a bearish market.

CoinDesk 20 Index Declines Over Weekend as NEAR and AVAX Lead Losses

The CoinDesk 20 Index fell 2.9% to 2699.5, shedding 80.53 points since Friday’s close. Only three constituents managed gains in a broad-based retreat.

SUI and Litecoin eked out modest 0.7% advances, standing as rare bright spots. The losses were led by NEAR Protocol and Avalanche, both tumbling 7.4% amid the weekend selloff.

The index’s global multi-platform trading availability magnified the downward pressure as Asian and European sessions compounded Friday’s U.S. market weakness. This marks another test for digital assets seeking stability after recent volatility.

Crypto Market Update: Bitcoin Holds $95K Amid Broader Market Trends

Bitcoin’s struggle to maintain its $95,000 price level dominates the current market narrative, with bears testing the resilience of the bull run. Ethereum, XRP, Solana, and Litecoin mirror this tension, reflecting broader institutional adoption and scalability upgrades.

Remittix emerges as a dark horse, raising $14.8 million to position itself at the intersection of payment innovation and crypto utility. Dogecoin, buoyed by ETF speculation, continues to ride the meme-coin wave.

The market’s trajectory hinges on regulatory developments and practical demand for blockchain solutions. TradingView charts show BTC/USDT volatility as a microcosm of this pivotal moment.

Litecoin Jumps 5% as Potential ETF Greenlight Stirs Market Optimism

Litecoin (LTC) surged 5% to $88.65 amid speculation the U.S. SEC may approve a spot ETF for the digital asset. The rally precedes a key decision deadline on Canary Capital’s proposed Litecoin ETF, seen as having higher approval odds than comparable XRP products.

Market participants are positioning for potential institutional inflows, with analysts noting Litecoin’s relative regulatory clarity compared to other altcoins. The SEC’s verdict could set a precedent for mid-cap crypto assets seeking mainstream investment vehicles.

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