Experts believe the next move in Litecoin’s price will determine whether it breaks higher or sinks back to its long-term lows. Currently, the altcoin is holding above $115, a key support level that has defined its recent trading range. However, resistance near $135 remains a major hurdle. A sustained surge beyond this level could spark a broader recovery, while failure may push the price towards the $50 zone, historically known for accumulation during market downturns. Analysts predict Litecoin could stabilize near $133 by the end of October if bullish sentiment persists. 📈 📉 💰
Meanwhile, optimism surrounding the potential approval of the Litecoin ETF is fueling fresh momentum. Canary Capital recently submitted an S-1 amendment for its proposed Litecoin (LTCC) and Hedera (HBAR) spot ETFs, outlining a 95 basis-point fee – one step closer to final approval. However, market confidence remains high as Polymarket data shows 98% odds of approval this month. 👀
The path forward is uncertain, with the ETF approval potentially sparking a rally in Litecoin or leading to another correction if rejected.