Data-Driven Rewrite
Litecoin Climbs Back Above $92 as ETF Speculation Builds
Litecoin (LTC) regained ground on Tuesday, advancing over 2% to hover around $92.95 as traders repositioned ahead of a possible spot ETF approval later this year.
After dipping from a local high of $93.58 during the early hours of the session, LTC found consistent buy-side support at the $91 mark. The rebound coincided with bullish sentiment in broader markets after the U.S. CPI print for May came in below expectations, reinforcing rate-cut optimism.
Bloomberg ETF analyst James Seyffart has pegged the odds of a Litecoin ETF approval at 90%, placing LTC among the frontrunners for inclusion in a potential second wave of crypto ETF products.
Key Levels to Watch:
- Support: $91.00–$91.20
- Resistance: $93.50
- 24H Volume Spike: 249,812 LTC (midday UTC)
- Price Range: $90.97–$93.58 (2.88%)
- Trend: Ascending channel with higher lows, confirming accumulation phase
LTC is currently trading just under key resistance, with traders eyeing a breakout if regulatory momentum builds.
