LTC Eyes $150 Breakout as Institutional Interest Grows
Litecoin (LTC) is showing strong bullish momentum as it approaches the critical $150 resistance level. Emerging from a consolidation phase, the altcoin's recent price action indicates increasing institutional interest, supported by heightened network activity and positive market sentiment. With buyers currently in control, LTC faces a pivotal moment that could determine its near-term trajectory. Earlier this month, the cryptocurrency peaked near $120, and its current upward movement suggests potential for further gains if the $150 barrier is breached.
Litecoin Approaches Key Resistance as Bullish Momentum Builds
Litecoin (LTC) has emerged from a consolidation phase with renewed upward momentum, now testing the psychologically significant $150 resistance level. The altcoin's recent price action suggests growing institutional interest, with network activity and bullish sentiment fueling its ascent.
Market structure now favors buyers, though LTC faces a critical juncture. After peaking NEAR $120 earlier this month, the cryptocurrency underwent a expected correction while maintaining strong support at $105. Technical indicators point to potential continued upside, with the weekly Ichimoku cloud nearing a bullish crossover.
Long-term charts remain decidedly bullish despite short-term volatility. Analysts note the formation of a double-bottom pattern, with $200 emerging as a plausible next target should current accumulation patterns hold. The coming weeks will prove decisive for LTC's attempt to challenge its all-time highs.
PayPal to Roll Out 'Pay With Crypto' Feature for Merchants Amid Shift to Cloud Mining
As cryptocurrency markets navigate heightened volatility, retail investors are increasingly turning to cloud mining for stable passive income. QFSCOIN has emerged as a notable player, offering a $30 free mining bonus, daily payouts, and AI-powered tools for Bitcoin, Litecoin, and Dogecoin mining.
The Minnesota-registered platform operates regulated data centers across four countries, eliminating hardware requirements. Its free tier and fixed-return contracts—ranging from beginner to institutional levels—are drawing attention in a market where ease of access rivals yield potential.
PELOSI Act Advances with Narrow Senate Committee Vote, Targeting Lawmaker Crypto Trading
The U.S. Senate committee narrowly approved the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act in an 8-7 vote. The legislation aims to ban lawmakers and their families from trading individual stocks and digital assets, including cryptocurrencies, during their tenure.
Senator Josh Hawley (R-Mo.) crossed party lines to support the bill, while most Republicans argued it could deter qualified candidates from public service. Named after former House Speaker Nancy Pelosi—who faced unproven insider trading allegations—the act addresses longstanding concerns about lawmakers profiting from privileged information.
The contentious vote revealed DEEP divisions, with critics calling the expedited process a "publicity stunt." The outcome signals growing scrutiny of cryptocurrency holdings among government officials as digital assets gain prominence in financial markets.
