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Litecoin Price Struggles Despite ETF Optimism as War Tensions Rattle Market
Despite a brief rebound, LTC's recovery stalled at $97.80, indicating a potential consolidation phase.
Jun 14, 2025, 5:45 p.m.
What to know:
- Litecoin experienced a significant decline, falling by over 4.3% in the past week and more than 14% in the last 30 days.
- The decline is part of a broader sell-off in risk assets, triggered by the Israel-Iran conflict, which led to a $150 billion drop in the total cryptocurrency market capitalization.
- Litecoin’s price recovery has stalled at the $97.80 level, indicating a potential consolidation phase, with limited momentum and a decline in trading volume.
Litecoin fell more than 4.3% over the past week, and is down more than 14% for the last 30-day period, with the latest sell-off coming as part of a wider risk asset sell-off.
That sell-off came after Israel attacked Iran in a bid to put an end to its nuclear program and harm its missile capabilities, and Iran later retaliated with a salvo of missiles.
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The conflict has spooked global markets, reducing the total cryptocurrency market capitalization by more than $150 billion.
LTC was severely affected by the sell-off. As the dust settled, Litecoin attempted a fragile rebound, climbing back above $86. But the recovery has stalled under mounting technical resistance.
The $97.80 level, coinciding with the 23.6% Fibonacci retracement according to to CoinDesk Research's technical analysis data model, has proven difficult to breach. Momentum indicators like RSI at 43.46 and a flat MACD histogram show limited energy behind the move, suggesting a phase of consolidation.
Volume tells a similar story. Litecoin’s trading activity dropped 42% following the initial plunge, even as it briefly surged through the $85.90 resistance level during a high-volume spike late Friday. That breakout, however, was quickly met with profit-taking that brought it back down to $85.
Looming in the background is hope for a spot litecoin ETF. Bloomberg ETF analysts Eric Balchunas and James Seyffart estimate a 90% chance of approval.
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