Litecoin (LTC) Analysis – Has the Explosion Begun?! Analysis Date: May 7, 2025
92.53
+13.21%
Price at Publication: $91.81
Daily Rise Percentage: +11%
Highest Price Today: $93.70
Lowest Price Today: $81.28
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Most Important News:
The U.S. Securities and Exchange Commission (SEC) postpones its decision on the Litecoin ETF and opens the comment period until May 26, with a deadline for responses on June 9.
The news caused a sudden movement and attracted the attention of whales to the currency.
[Source: Blockchain News]
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✅️ Technical Analysis:
Current Support: $85 (Excellent Retracement Level)
Next Resistance: $95 (If broken, we might see $100 soon)
RSI: At 65 = Strong Positive Momentum, but nearing overbought territory
MACD: Clear bullish crossover on the daily frame
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💲💵 Positive Factors and Opportunities:
Strong current momentum after the ETF news
Clear increase in volume
Clear institutional optimism, with some predictions reaching $93.48 before May 11
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🔴 Risks:
Failure to break $95 may cause a slight pullback
Postponement of the ETF decision may cause price volatility
RSI nearing overbought territory
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✅️ My Personal Opinion:
The currency may enter a sharp upward wave if it breaks $95
Opportunity for traders: Enter now with a stop loss below $85
For investors: It’s better to watch the awaited ETF decision before enhancing entry
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