Litecoin
Recovered from AM overnight Sales, rises more than 2% and confirms support near $ 93. Bounce coincided with winnings in traditional markets after a cooler than expected US CPI report.
The digital currency slid after Midnight UTC and lost the ground from a top of $ 93.58 before attracting interest rates on the purchase side, which helped stabilize the price around $ 91.
Analysis suggests that market participants may be positioning in front of a potential Litecoin Exchange-Traded Fund (ETF) approval. Bloomberg -Analyst James Seyffart has assigned a 90% probability of such approval later in the year, which placed LTC with Solana’s sun
As leading candidates in a possible “Altcoin Etf Summer.”
Overview of Technical Analysis
Litecoin’s price action ranged from $ 90.97 to $ 93.58 over the last 24 hours, a 2.88% turn, according to Coindesk Research’s technical analysis data model. The steepest fall came in peak -stressed Asian trade hours as the price fell 1.55% in minutes before catching support for $ 91.
When dealers in America woke up, the purchase of LTC with high volume backed up against $ 92. The most intense trade came around Midday UTC, with 249,812 token’s changing hands and fuel for a sharp recovery.
An increasing price channel appears to be formed, with resistance near $ 93.50 and supporting consolidation of about $ 91. Volatility spiked again with a fall of 3.4%, although prices are stabilized shortly after, suggesting that the $ 91 floor is under pressure.
LTC now hovers near $ 92.95 and shows signs of stable recovery.
Disclaimer: Parts of this article were generated with the help of 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.
