Take advantage of $LTC

Litecoin is experiencing a downtrend, falling 2.76% and leaving behind the optimism for ETFs. What are the reasons? A mix of profit-taking, technical resistance, and the poor state of the crypto market in general.

Many investors decided to sell after speculation about the approval of ETFs, which led the price to touch $93.58 before retreating. Additionally, right at $93.50, there was a key resistance zone and turning point, which halted the advance and generated technical rejection.

But it's not just Litecoin that is in the red. The cryptocurrency market as a whole is feeling the pressure, with a 3.11% drop in total market capitalization. The main reason is the weakness of altcoins, which have been unable to maintain momentum.

Regarding its target price for the end of 2025, projections vary, but some analyses suggest that Litecoin could move between $107 and $122. Of course, it will all depend on factors such as adoption, regulation, and market sentiment.

Traders who bet on the rise rushed to take profits, the price hit a strong barrier, and to top it off, market sentiment is not helping. Now we have to see if Litecoin finds support or continues to lose ground.