Litecoin (LTC) rose over 7% on Monday and reached a price of $120 – the highest since March!
📈 And the market bets that we are on the verge of a historic ETF approval!
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🧾 What is happening now?
The probability of Litecoin ETF approval has risen to 80% according to Polymarket data
The critical date:
⏰ October 2 – Canary file
⏰ October 10 and 23 – Grayscale and CoinShares files
Market confidence driven by the successful Bitcoin ETF experience ($55+ billion inflows)
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🔍 Why Litecoin specifically?
Proof of Work (PoW) system like Bitcoin
Limited supply = only 84 million
Very decentralized, and high liquidity ($900 million daily trading volume!)
Grayscale Litecoin Trust attracted +$246 million even before the official ETF
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📊 Technical analysis:
The 50 and 100-week moving averages have been broken
RSI crossed the neutral point = clear positive momentum
Next target:
🎯 $130 = Fibonacci resistance
🎯 $227.80 = distant target if resistance is broken
But if it breaks the support at $93? The bullish scenario gets delayed.
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💡 The current chart resembles the XRP scenario before the recent price explosion... Is history repeating itself with LTC? 👀
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💬 Do you expect Litecoin to achieve a real breakout?
Can the ETF really move it? Or is it just temporary hype? Share your opinion 👇
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