Litecoin (LTC) Price Analysis: Targeting $93.58 Resistance as Market Awaits First Litecoin ETF Approval

The digital currency slipped after midnight UTC, losing ground from a $93.58 peak, before attracting buy-side interest that helped stabilize the price around $91.

Litecoin (LTC) prices slipped from a session high of $93.58 reached after midnight UTC on Wednesday, sliding as deep as $90.97 before attracting buy-side interest that helped stabilize the coin around $91.

The digital currency slipped from a session high of $93.58 reached after midnight UTC on Wednesday, sliding as deep as $90.97 before attracting buy-side interest that helped stabilize the coin around $91.

Technical Analysis Overview

Litecoin's price action ranged from $90.97 to $93.58 over the past 24 hours, a 2.88% swing, according to CoinDesk Research's technical analysis data model. The steepest drop came during peak Asian trading hours, when the price fell 1.55% in minutes before catching support at $91.

As traders in the Americas woke up, high-volume buying pushed LTC back toward $92. The most intense trading came around midday UTC, when 249,812 tokens changed hands and fueled a sharp recovery.

An ascending price channel appears to be forming, with resistance near $93.50 and support consolidating around $91. Volatility spiked again with a 3.4% drop, though prices stabilized soon after, suggesting the $91 floor is holding under pressure.

LTC is now hovering near $92.95, showing signs of steady recovery.

Top Gainer (24 Hour)

Solana's sol slid on Wednesday, but the coin was still among the best performers over the past 24 hours.

Technical Analysis Overview

Solana prices ranged from $40.93 to $43.06 over the past 24 hours, a 5.12% swing, according to CoinDesk Research's technical analysis data model. The steepest drop came during peak U.S. trading hours, when the price slid 1% in minutes before finding support.

The cryptocurrency was seen consolidating in a descending price channel, with resistance now at $41.80 and support at $40.09. The lower band of the channel provided support twice over the past 12 hours, suggesting sellers are struggling to gain the upper hand.

Solana prices are now seen stabilizing above $40.64, a key level where a descending trendline provided support twice before. A break below this level could open the way for further losses.

Most Active (24 Hour)

Litecoin (LTC) prices slipped from a session high of $93.58 reached after midnight UTC on Wednesday, sliding as deep as $90.97 before attracting buy-side interest that helped stabilize the coin around $91.

The digital currency slips as U.S. trading began, extending losses from a session high of $93.58 hit after midnight UTC. The steepest drop came during peak Asian trading hours, when the price slid 1.55% in minutes before catching support.

As traders in the Americas woke up, high-volume buying pushed LTC back toward $92. The most intense trading came around midday UTC, when 249,812 tokens changed hands and fueled a sharp recovery.

An ascending price channel appears to be forming, with resistance at $93.50 and support consolidating around $91.

After setting the stage for a potential breakout, LTC prices dropped 3.4% as traders booked some profits. However, the move was quickly absorbed by buy-side interest, suggesting the $91 floor is holding under pressure.

LTC is now seen trading around $92.95, showing signs of a steady recovery.

Biggest Mover (24 Hour)

Bitcoin (BTC) prices edged lower on Wednesday, extending losses from a session high of $71,300 hit after midnight UTC.

Technical Analysis Overview

Bitcoin prices ranged from $69,999 to $71,300 over the past 24 hours, a 1.86% swing, according to CoinDesk Research's technical analysis data model. The steepest drop came during peak U.S. trading hours, when the price slid 1% in minutes before finding support.

The cryptocurrency was seen consolidating in a descending price channel, with resistance now at $70,800 and support at $69,000. The lower band of the channel provided support twice over the past 12 hours, suggesting sellers are struggling to gain the upper hand.

Bitcoin prices are now seen stabilizing above $70,000, a key level that sparked strong recovery attempts on two previous occasions. A break below this level could open the way for further losses.

Where to trade Litecoin, Solana, Bitcoin and other cryptocurrencies online safely: