LTC Bulls Eye $200 as Litecoin Breaks Key Resistance

Litecoin (LTC) is showing strong bullish momentum as it approaches the critical $150 resistance level, with analysts predicting a potential surge toward $200. The cryptocurrency has successfully defended the $105 support level, indicating robust buyer interest and growing network activity. This article delves into the factors driving LTC's upward trajectory and what investors can expect in the coming weeks.

Litecoin Nears Critical Resistance as Bullish Momentum Builds

Litecoin (LTC) has emerged from a consolidation phase with renewed upward momentum, now testing the $150 psychological barrier. The altcoin's recent price action suggests growing bullish sentiment, supported by increasing network activity and a defense of the $105 support level.

Market structure now favors buyers, with analysts eyeing a potential breakout toward $200. Despite short-term corrections, the long-term chart remains decisively bullish. The current accumulation phase appears poised to conclude, potentially setting the stage for new all-time highs.

Technical patterns indicate Litecoin may follow Bitcoin's trajectory, though it recently failed to break the neckline of a double-bottom formation. Traders across major exchanges are monitoring whether LTC can sustain its climb above key resistance levels.

Litecoin Gains 2.21% as Halving Anticipation Outweighs ETF Delay

Litecoin (LTC) ROSE 2.21% to $110.63, defying the SEC's decision to postpone its ruling on Grayscale's spot Litecoin ETF until October. The cryptocurrency's resilience stems from surging network activity ahead of its August 3 block halving, which will cut mining rewards by 50%.

RSI at 60.36 suggests neutral momentum with room for upside. Founder Charlie Lee's recent live stream further bolstered community engagement, adding to bullish sentiment.

SEC Issues New Listing Standards for Crypto ETPs, CBOE Proposes 6-Month DCM Exposure Rule

The U.S. Securities and Exchange Commission has reportedly received new listing standards for crypto asset-based exchange-traded products (ETPs) in a filing from CBOE. The proposed rules would require underlying digital assets to have at least six months of exposure on a Designated Contract Market (DCM) before being eligible for ETP listing.

CBOE's filing emphasizes the need for comprehensive surveillance sharing agreements between exchanges, either directly or through the Intermarket Surveillance Group (ISG). A preliminary list of 18 cryptocurrencies—including Litecoin (LTC), Dogecoin (DOGE), and Solana (SOL)—has been identified as potential candidates for SEC-approved ETPs.

The MOVE signals growing institutional acceptance of crypto assets, with regulated derivatives markets now serving as a gateway for ETP eligibility. Market participants view this as a step toward broader mainstream adoption, though final SEC approval remains pending.