$LTC As of May 1, 2025, Litecoin (LTC) is trading at approximately $89.58 USD, marking a 5.77% increase over the past 24 hours. This surge is attributed to heightened investor optimism following reports that the U.S. Securities and Exchange Commission (SEC) has a 90% likelihood of approving a spot Litecoin ETF, a development that could significantly boost institutional adoption.

From a technical standpoint, LTC has broken above the critical $86 resistance level, establishing a new support zone around $84. The price is currently navigating within an ascending channel, with immediate resistance observed between $88 and $92. Should LTC successfully flip the $92 resistance into support, it could target the $97–$102 range in the near term.

For traders considering a long position, a confirmed breakout above $92 with sustained volume could signal further bullish momentum. Conversely, a drop below the $84 support level might present a short trade opportunity, targeting lower support zones.

Beginner traders should exercise caution during such volatile periods. It's essential to wait for clear signals before entering a trade and always employ proper risk management strategies, such as setting stop-loss orders to mitigate potential losses.

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