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CoinGape 2025-02-25 09:51:53

Litecoin Price Set to Pump or Dump? ETF Speculation Heats Up

Litecoin Price Set to Pump or Dump? ETF Speculation Heats Up

Litecoin price remains under pressure, hovering below the $120 support level as speculation over a potential exchange-traded fund (ETF) intensifies. The LTC price has seen increased volatility, with discussions on its ETF approval getting traction. Crypto Market analysts highlight signals, raising uncertainty about Litecoin’s short-term outlook. Will the Litecoin price recover or see more crashes ahead? let’s uncover. Litecoin Price Ready to Pump? ETF Approval Speculation Grows Litecoin price is forming an inverse head and shoulders pattern, signaling a potential breakout. The analyst shows a clear right shoulder formation, with price action testing the support zone near $115. A strong bounce from this level could confirm the pattern, setting up a move toward the neckline resistance at $140. If Litecoin breaks above this resistance, the price may rally toward the $200 target. Traders are closely monitoring this setup as speculation around Litecoin ETF approvals fuels momentum. Litecoin ETF Approval Odds Rise To 76% According to Polymarket, the probability of a Litecoin ETF gaining approval in the year 2025 has surged to 77%. This marks a 27% increase, reflecting growing optimism among market participants. The trading volume for this prediction market has reached $27,253, indicating strong interest in the potential regulatory decision. The data reveals that sentiment has strengthened since early Jan 2025, with sharp upward movements in mid month. However, recent market corrections show some uncertainty, with prices dipping slightly. The trend suggests continued speculation on whether Litecoin will follow Bitcoin’s ETF path this year. Source- Polymarket What Lies Ahead for LTC Price? As of Tuesday, the LTC price hovered at $112, making a 3% crash in the past 24 hours. This follows other crypto market decreases after a huge decrease over the past day. The Bitcoin price has fallen below $90,000 while the Ethereum price dropped below $2,500 Mark. Litecoin price has been moving down and broke the rejection at $120, support standing at $100. The Litecoin price forecast needs to break above the previous level of $120 to shift momentum toward $130 and $150. A move past these resistance levels could open the door to $160 and $170 ahead of LTC ETF. On the lower side, a break below the $100 critical support level may trigger further losses, with $80 emerging as the next key support. The Relative Strength Index (RSI) stands at 28, indicating the oversold zone. Additionally, The MACD indicator on the 4-hour chart remains in negative territory. The MACD line is above the signal line, confirming ongoing bearish momentum. The histogram also indicates strengthening selling pressure, hinting at further downside risks. Source: TradingView To sum up, the Litecoin price faces uncertainty as ETF speculation intensifies. A breakout above $120 could signal recovery, while failure may lead to losses below $100. The post Litecoin Price Set to Pump or Dump? ETF Speculation Heats Up appeared first on CoinGape .

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