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Litecoin’s ETF Hopes Rise Even as Price Retreats From $101 Peak
Heightened volatility sends LTC tumbling from recent highs as traders eye key support levels
Updated May 19, 2025, 2:35 p.m. Published May 15, 2025, 5:26 p.m.
What to know:
- Litecoin experienced a sharp 6.05% correction, dropping from $101.90 to $95.73 amid heightened market volatility.
- US-China trade agreement developments are influencing cryptocurrency prices, with LTC showing bullish momentum despite the recent pullback.
- Institutional interest in crypto assets continues to grow, with SEC decisions on spot ETFs for Litecoin and other altcoins creating market anticipation.
The cryptocurrency market is experiencing significant fluctuations as global economic factors and regulatory developments create both challenges and opportunities. Litecoin's recent price action reflects this broader market sentiment, with the cryptocurrency encountering strong resistance at $101.65 after reaching a peak of $101.90. Despite the subsequent correction to the $95-$96 range, LTC has shown resilience with support emerging around $95.82.
Market analysts point to the recent US-China tariff agreement as a key driver behind Litecoin's price movements, with the cryptocurrency gaining bullish momentum following the deal announcement. Additionally, Federal Reserve policy decisions have contributed to positive sentiment in risk assets, helping LTC maintain its position above critical support levels despite the correction.
STORY CONTINUES BELOW
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In the regulatory landscape, the SEC has delayed decisions on spot ETF applications for several cryptocurrencies including Litecoin, creating uncertainty but also anticipation. Despite these delays, betting markets show ~80% probability for approval before year-end, suggesting continued optimism among investors. This regulatory environment, combined with increasing institutional adoption and cross-border transaction utility, positions Litecoin as a significant player in the evolving cryptocurrency ecosystem.
Technical Analysis Highlights
- Litecoin fell from a high of $101.90 to a low of $95.73, representing a 6.05% decline over 24 hours.
- Strong resistance established at $101.65 level where price repeatedly failed to break through.
- Support emerged around $95.82 with substantial buying volume (304,377 units).
- Potential double bottom formation identified near the lows.
- Trading range of $5.87 (5.76%) indicates heightened volatility.
- Price currently consolidating near $96.94, suggesting possible stabilization.
- Remains vulnerable to further downside pressure if $96.24 support fails.
This technical analysis was conducted according to CoinDesk s research model analysing CoinDesk Data
- Bitzo, Chainlink Surges 125% Amid Massive Whale Activity – Is Litecoin the Next to Ignite?, published May 15, 2025.
- Bitzo, Falling Wedge Breakout Ignites Momentum for XRP, With Solana’s DeFi Activity Rising – Is a Bigger Rally Ahead for SOL?, published May 14, 2025.
- Bitcoin Sistemi, XRP’s 9800% Rally Was Just the Beginning – Now Solana, Litecoin, and Ethereum Are Set to Run Again, published May 14, 2025.
- Bitcoin Sistemi, Can $1000 in Litecoin or XRP Match Ethereum and Solana’s Climb? Analysts Predict One Will Lead, published May 14, 2025.
- Crypto Daily, Top Altcoins This Week: Litecoin, Dogecoin, and UniLabs Dominate Interest with 60% Volume Surge, published May 14, 2025.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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