Litecoin’s recent 10% weekly rise has reignited investor interest, but the coin now faces one of its most critical moments of the year.
Analysts say the next move will decide whether LTC breaks higher or slides back toward its long-term lows.
The altcoin is currently holding above $115, a key support level that has defined its recent trading range. Market analyst Ali Martinez noted that Litecoin has struggled to surpass the $135 resistance, which has capped rallies since 2023. A sustained move above that level could trigger a broader recovery, but failure may send the price toward the $50 zone, a range historically known for accumulation during deep corrections.
Despite market turbulence, analysts project that LTC could stabilize near $133 by the end of October if bullish sentiment holds.
ETF Approval Approaches Final Stage
Optimism around the Litecoin ETF is adding 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 of the last formal steps before approval.
According to Bloomberg’s Eric Balchunas, the filing appears nearly complete, though the recent U.S. government shutdown might slightly delay the process. Market confidence remains strong, with Polymarket data showing 98% odds that regulators will approve the fund soon.
Other crypto ETFs, including those tied to XRP, Solana (SOL), and Dogecoin (DOGE), are also expected to receive final decisions this month, though potential delays remain possible.
For now, Litecoin stands at a crossroads. A successful ETF launch and breakout above $135 could restore its momentum – but a rejection could quickly turn optimism into another steep correction.
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