$LTC

Recently, LTC experienced a bullish trend, reaching an intraday high of $135.79 USD. This upward momentum is partly attributed to speculation surrounding a potential U.S.-approved Litecoin Exchange-Traded Fund (ETF). Notably, the SEC has acknowledged a rule change proposal for listing the Coin shares Spot Litecoin ETF on Nasdaq, and Bloomberg analysts estimate a 90% chance of ETF approval in 2025.

From a technical perspective, Litecoin's 50-day Exponential Moving Average (EMA) recently crossed above the 200-day EMA, forming a "Golden Cross," a historically bullish signal that last appeared in December 2020 before LTC surged over 200% in the following months. However, the Relative Strength Index (RSI) is approaching overbought territory, indicating a potential short-term correction.

Support levels are identified at $100.00 and $90.00, with resistance zones at $140.00 and $167.00.

In summary, while Litecoin shows bullish potential with targets toward $200, traders should remain cautious due to possible overbought conditions and market volatility.