As of February 21, 2025, Litecoin (LTC) is trading at approximately $135.24.

Recent technical indicators suggest a bullish outlook for LTC:

Golden Cross Formation: The 50-day Exponential Moving Average (EMA) has crossed above the 200-day EMA, a pattern historically associated with upward price momentum.

Ascending Triangle Pattern: This pattern indicates potential for further upward movement, with key resistance around $135 and support near $120.

Fundamental factors also support a positive trend:

ETF Speculation: The U.S. Securities and Exchange Commission (SEC) has acknowledged a rule change proposal for listing the CoinShares Spot Litecoin ETF on Nasdaq. Additionally, Canary Capital's Litecoin ETF has appeared on the DTCC system under the ticker LTCC, suggesting potential approval.

However, caution is warranted:

Overbought Conditions: The Relative Strength Index (RSI) is approaching overbought territory, indicating a possible short-term correction toward $120–$125.

Regulatory Uncertainty: While ETF developments are promising, final approval is pending, and any delays or rejections could impact momentum.

In summary, Litecoin exhibits strong bullish potential driven by favorable technical patterns and ETF-related optimism. Traders should monitor key support and resistance levels and stay informed on regulatory updates to navigate potential volatility.

@$LTC