Litecoin Challenges the Downward Trend with Rising ETF Hopes Amid Increasing Global Tensions
From a technical perspective, Litecoin (LTC) price has shown resilience, with support strengthening in the range of $83.48-$83.57.
Key Points:
- Litecoin recovered from its early losses to achieve a daily gain of 1.6%, surpassing $84.6 despite market volatility resulting from escalating tensions between Israel and Iran.
- This recovery was notable given the market's sensitivity to global economic pressures, as traders monitor the SEC's review of Litecoin ETF applications.
- The price initially dropped to $82.69 before rising again