LTC Eyes 30% Rally as Monthly Close Above Key Resistance Looms

Litecoin (LTC) is on the verge of a significant breakout, with analysts predicting a potential 30% surge if it achieves a monthly close above a critical resistance level. This could propel LTC to prices last seen during the 2021 bull market. The cryptocurrency has already demonstrated strong momentum, rallying 63% from its April lows and reclaiming key support levels at $80 and $90. Despite a brief push to $107 earlier this month, LTC has faced challenges sustaining momentum above this level. As of now, LTC is trading at $96.55, with traders closely watching the monthly close for confirmation of the bullish trend.

Litecoin Monthly Close Above Key Resistance Could Ignite 30% Rally

Litecoin (LTC) is poised for a potential breakout as it tests a critical resistance level. A monthly close above this threshold could trigger a 30% surge, potentially reaching prices last seen during the 2021 bull market.

The cryptocurrency has already rallied 63% from April’s lows, reclaiming key support levels at $80 and $90. Despite briefly touching $107 earlier this month, LTC has struggled to maintain momentum above the psychologically important $100 mark.

Market analysts note the current technical setup resembles a classic bullish pattern. Carl Runefelt of The Moon Show suggests Litecoin appears primed for upward movement, citing improving market conditions and Bitcoin’s own rally past $100,000 as contributing factors.

SEC Delays XRP and Litecoin ETF Decisions, Signals Openness to TRX Staking Product

The U.S. Securities and Exchange Commission has postponed its final verdict on CoinShares’ proposed XRP and Litecoin exchange-traded funds, extending the review period beyond the May 26 deadline. Market analysts now anticipate approvals won’t materialize before Q4 2025—a significant setback for investors who had anticipated June listings.

In a contrasting development, regulators have formally acknowledged Canary Capital’s innovative TRX staking ETF proposal. While not constituting approval, this move demonstrates the SEC’s willingness to evaluate novel crypto investment vehicles that incorporate yield-generating mechanisms. "The simultaneous delay and progress reveal regulators’ cautious yet evolving approach to digital asset products," observed one market strategist.