Litecoin (LTC) Update – What Does the ETF Delay Mean?
Crypto traders, don’t skip this post!
1. ETF Delay – Expected but Still Important
The SEC has delayed its decision on the Canary Funds Litecoin ETF.
There was early bullish hype, but now the price has retraced a bit.
Bottom line? Short-term hype is gone, but long-term potential is still alive!
2. Key Price Levels to Watch:
Support Zone: $78–$80
Resistance Zone: $97–$98
LTC is sitting near a crucial support. If this zone holds, we might see some sideways movement between $78 and $86.
But if it breaks? More downside could be on the table!
3. Market Sentiment:
Last week, LTC showed strong volume and outperformed many altcoins.
But global markets are showing risk-off signals — weak stocks, gold fluctuations, and rising volatility.
Impact? LTC could also face pressure.
4. What to Expect Now?
Short-Term: Expect pullback and sideways consolidation.
Key Zone: $78–$80 — if it holds, a bounce is possible.
If it breaks: Be ready for a potential drop to lower levels.
ETF news? Still a long-term bullish catalyst, just not an immediate one.