Main notes
- LTC broke out of the horizontal trading scope with the strong “candle of God”, which renews the upscale momentum.
- Analysts suggest that keeping more than $ 90 can pave the way for the gathering to a mark of $ 140.
- SEC’s delay on Canary Funds Litecoin ETF decision, with comments due by May 26.
Litecoin
Ltc
90.41 dollars
24 hours fluctuation:
7.5 %
The maximum market:
6.86 dollars b
Folder. 24h:
432.71 dollars
PRICE saw a rapid momentum, gained 13 % earlier today, as it moved to 92.5 dollars, with daily trading volumes 66 % to 900 million dollars. The LTC price movement comes today at a time when the broader encryption market is recovered before the FOMC meeting on Wednesday.
Litecoin (LTC) Prices make up the candle of God on the least temporal framework
The price of Litecoin gained a huge traction on low time frames after a decisive outbreak of horizontal trading scope. The cryptocurrency increased in its resistance area with a strong rising candle, and is often referred to as “the candle of God”, indicating a renewed momentum.
Ideas on #LTC LTF:$ Ltc On LTF looks solid here. After it ranges inside a horizontal channel for a period of time, $ Ltc Finally, it broke out with the clean candle of God, destroying the resistance area. now, $ Ltc On the bottom way to re -test – this is also a test … pic.twitter.com/PV9nhxypbo
AlphacciTosign signal May 7, 2025
Although a partial decline from the highest level of 92.56 dollars earlier today, LTC comes to re -test the support levels of $ 90. If Altcoin is able to keep these support levels, it may witness a new entry from merchants.
LTC buyer showed strong momentum, penetrating the main resistance levels. Some market analysts believe that if the price of Litecoin exceeds 90 dollars, there may be a possible rally towards a $ 140 on the horizon.
However, in order to happen, Litecoin must first exceed $ 100 resistance in the short term, facing great resistance. However, the Coinglass data It indicates that the bullish momentum is likely to continue, as the LTC’s open interest jumps by 14 % to $ 651 million.
LTC faces fluctuation amid delay in ETF approval
Earlier this week, the US Securities and Stock Exchange Committee (SEC) decided to delay the decision on Canary Liteco ETF funds, and has requested public comments by the end of May.
However, upward price action continues as LTC continues to break the technical barriers. Market analysts expect a strong rise with 90 % probability for approval by the end of the year.
According to the deposit, the public comments are open until May 26, 2025, with a refutation by June 9, 2025. This delay highlights the cautious position of the financial products related to the encrypted currency and its focus on protecting the interests of the investor.
Last month, Litecoin showed a strong momentum with 33 % gains. If FOMC provides enough catalyst, the outbreak of $ 100 may occur soon.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Bhushan is enthusiastic about technology and carries a good tendency to understand the financial markets. His interest in the economy and financing draws his attention towards emerging technology markets and emerging technology. He is in a continuous educational process and keeps himself excited to share his acquired knowledge. In spare time he reads fictional excitement novels and sometimes explores his cooking skills.
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