Share this article
Litecoin Rebounds, Holds Firm Near $93 on Potential ETF Positioning
Analysis suggests market participants may be positioning for a potential litecoin exchange-traded fund (ETF) approval.
Jun 11, 2025, 3:59 p.m.
Make us preferred on Google
What to know:
- Litecoin staged a swift recovery after an overnight sell-off, rising more than 2% and reaffirming support near the $91 mark.
- Analysis suggests market participants may be positioning for a potential litecoin exchange-traded fund (ETF) approval.
- Litecoin's price action is currently forming an ascending price channel, with resistance near $93.50 and support consolidating around $91.
Litecoin recovered from am overnight sell-off, rising more than 2% and reaffirming support near $93. The bounce coincided with gains in traditional markets after a cooler-than-expected U.S. CPI report.
The digital currency slipped after midnight UTC, losing ground from a $93.58 peak, before attracting buy-side interest that helped stabilize the price around $91.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Analysis suggests market participants may be positioning ahead of a potential litecoin exchange-traded fund (ETF) approval. Bloomberg analyst James Seyffart has assigned a 90% probability of such approval later this year, placing LTC alongside Solana's sol as leading candidates in a possible “Altcoin ETF Summer.”
Technical Analysis Overview
Litecoin’s price action ranged from $90.97 to $93.58 over the past 24 hours, a 2.88% swing, according to CoinDesk Research's technical analysis data model. The steepest drop came during peak Asian trading hours, when the price fell 1.55% in minutes before catching support at $91.
As traders in the Americas woke up, high-volume buying pushed LTC back toward $92. The most intense trading came around midday UTC, with 249,812 tokens changing hands and fueling a sharp recovery.
An ascending price channel appears to be forming, with resistance near $93.50 and support consolidating around $91. Volatility spiked again with a 3.4% drop, though prices stabilized soon after, suggesting the $91 floor is holding under pressure.
LTC is now hovering near $92.95, showing signs of steady recovery.
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.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold
Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash.
What to know:
- During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin's vulnerability in times of market stress.
- Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
- Gold remains the preferred hedge for short-term risks, while bitcoin is better suited for long-term monetary and geopolitical uncertainties that unfold over years.
Top Stories
