Litecoin (LTC) price increased more than 7% on Thursday and surpassed the wider market meter Coindesk 20 index, which climbed at approx. 4%.

Bloomberg Senior ETF Analyst Eric Balchunas reports that Litecoin Etf approval chances have risen to 90%, with a crucial time limit from October 2, which could dramatically expand LTC’s institutional investor base and potentially catalyze significant award assessment.

Technical analysis highlights

• LTC-USD showed significant volatility at an interval of 7.51% ($ 81.82- $ 88.03), which established strong support around $ 84.00, according to Coindesk Research’s technical analysis data model.
• Price action formed an increasing channel with a successful recycling of the $ 86.00 level in the past 48 hours.
• Strong buying interests appeared in the recovery phase with accumulation at key fibonacci retracement levels.
• Current Momentum suggests potential continuation of $ 88.50 resistance, with $ 85.50 serving as validation support.
• In the last 100 minutes of trading, LTC restored from mid -$ 86 range to over $ 87.19 after forming a higher low of $ 86.36.
• Particularly strong buying interest arose in 14: 14-14: 17 UTC period when LTC regained $ 87.00 psychological level.
• The last hour showed increasing momentum with consecutive higher heights and higher low lower, closing at $ 87.19 just under $ 87.25 resistance.
• A bullish price structure combined with falling sales pressure suggests potential continuation of $ 88.00 if $ 87.00 in support holds.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy. This article may include information from external sources listed below when appropriate.

External references:

• Kryptopolitan, Litecoin Price Prediction 2025-2031: Will LTC get to $ 200 soon?Published April 30, 2025.
• Bitcoinist, Bitcoin is approaching the Golden Cross as the MVRV relationship builds momentum – comes a breakout?Published April 7, 2025.
• Invezz, Solana and Litecoin Etf -Adkendings Odds are very high, says Bloomberg -Analyst BalchunasPublished April 30, 2025.
• Bitcoinworld, Litecoin Etf and Solana Etf Approval Odds Skyrocket: Bloomberg -Analysts predict astonishing 90% chancePublished April 30, 2025.
• Coinpedia, Litecoin, Solana, XRP among the top crypto -Tfs set to 2025 approvalPublished April 30, 2025.