Litecoin Trading Activity Increases Over The Past Month – Potential LTC ETF Draws Speculation
Litecoin is about to break multi-year highs at the $147 level, which goes against the overall negative sentiment in the cryptocurrency market. Despite sales pressure and uncertainty slowing the wider market, LTC remained strong, below key supply levels. This resilience has sparked optimism among investors, and many expect a breakthrough in the coming days.
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A key factor that leads to Litecoin strength is the growing speculation surrounding Litecoin ETFs. According to Intotheblock’s main data, the number of short-term LTC traders has increased by more than 12% in the past month. Historically, the trend of short-term trading activity has undergone significant price changes, indicating that investors are positioning for potential rally.
As ETF discussions grow, traders are paying close attention to Litecoin’s price action. If LTC successfully recoups $147, it could open the door for a major breakthrough. However, failure to surpass this resistance may lead to an increase in volatility. With uncertainty in cryptocurrency market navigationLitecoin remains one of the few assets showing relative strength, making investors hope to take strong moves in the near future.
Litecoin maintains critical levels as ETF speculation grows
After a turbulent week, Litecoin is trading at critical liquidity levels, working to restore momentum after a market segment caused by Bybit Hack on Friday, resulting in $1.4 billion being stolen from exchanges. Just as LTC is ready to surpass multi-year highs, negative sentiment hits the cryptocurrency space, leading to a wave of full-scale sales pressure. Still, analysts remain optimistic, and Litecoin calls for a massive surge once the broader market returns to strength. Many believe that LTC will outperform other assets when the market enters the next bullish stage.
Speculation surrounding the Litecoin ETF has increased fuel for growing interest in LTC. According to intotheblockThe number of short-term LTC traders has increased by more than 12% over the past month.
This growth in trading activity suggests that traders are paying close attention to Litecoin and betting could drive higher-priced ETF announcements. Historically, major ETF approvals have led to strong rally, with investors speculating that LTC can follow the same pattern.
Currently, Litecoin is still in the merger phase and traders are looking for confirmation of the next major action. If LTC recovers to key resistance levels and continues to grow ETFs, the next breakthrough may be one of the most important breakthroughs in recent years.
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LTC testing is mainly demanded as the market is waiting for breakthroughs
Litecoin is currently trading at $123 after its local highs fell 13% on Friday. Price action reflects broader market uncertainty, but LTC continues to show advantages over key support levels. Investors remain optimistic that Litecoin may be one of the best performing assets once the market trends again.
Currently, LTC must maintain a critical $120 level to maintain support from its bullish structure. A successful recovery of the $135 level in the coming days will indicate a renewed momentum, which has the potential to lay high prices for the breakthrough phase. Analysts believe that if Litecoin manages to clear this resistance zone, it can then move towards multi-year highs.
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However, if sales pressure increases and LTC loses $120 support, it may look back on demand levels more deeply. This situation may expand the integration phase, delaying any potential gatherings. Traders are closely watching signs of Litecoin’s strength as bullish breakouts could lead to one of the most important moves of LTC in recent months.
Featured images from DALL-E, charts from TradingView
