![\"LTC](\"https:\/\/preprod.investx.fr\/en\/wp-content\/uploads\/sites\/5\/2025\/05\/TP_LTC_USDT-BINANCE_charlesledoux_02-05-2025-1024x576-1.jpg\")
<\/figure>\n<\/div>\n\n\nTechnical analysis of Litecoin indeed reveals a favourable setup, with a strong support around $84<\/strong> and a breakthrough of the key level at $86<\/strong>. LTC recorded an impressive volatility range of 7.51%<\/strong> yesterday, closing just below the resistance at $87.25<\/strong>.<\/p>\n\n\n\n However, it was rejected from the liquidity zone at $90<\/strong> and will need to stay above its support at $73<\/strong> in case of a retracement.<\/p>\n\n\n\n A downside retracement is more likely as a trendline<\/strong> (purple line) lies below $82<\/strong>. Trendlines are often areas where traders<\/a> place their buy orders, with many stop losses positioned below. The smart money<\/strong> may drive LTC below this level to liquidate stops and potentially accumulate at lower prices.<\/p>\n\n\n\n If the price continues to drop below $73<\/strong>, then LTC is expected to seek a double bottom or the demand zone between $60 and $54<\/strong>. In essence, two bearish scenarios are available for the token. Experts anticipate a further increase towards $95.50<\/strong>, possibly beyond, if the psychological support at $87<\/strong> holds. A clear break above $95.50 could pave the way for a broader rally towards $100<\/strong>.<\/p>\n\n\n\n The market’s excitement around Litecoin is primarily due to the prospects of SEC approval for a spot ETF<\/strong>. According to Bloomberg analyst Eric Balchunas, the likelihood of regulatory approval by October 2nd has now reached 90%<\/strong>.<\/p>\n\n\n\n
However, if the price continues to rise, the next resistances are at $95 and $108<\/strong>.<\/p>\n\n\n\nETF Litecoin Approval, a Major Catalyst<\/h2>\n\n\n\n