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Cryptocurrency News Articles

Litecoin (LTC) Price Prediction: Bulls Target $105-$110 as Trading Volume Surges 51%

May 07, 2025 at 02:06 pm

Litecoin (LTC) Price Prediction: Bulls Target $105-$110 as Trading Volume Surges 51%

Crypto traders are closely following Litecoin (LTC) as the cryptocurrency continues to display strength, even amid broader market uncertainty.

According to the latest data from CoinMarketCap, Litecoin (LTC) has emerged as one of the best-performing cryptocurrencies over the past 24 hours, adding 10.57% to reach $91.34 at the time of writing.

After a substantial gain of over 10%, Litecoin (LTC) has become a hot topic among traders, who are also keeping an eye on Worldcoin (WLD), Stacks (STX), Cronos (CRO), and Bitcoin Cash (BCH).

As reported by Eleanor Terrett of Fox Business, the U.S. Securities and Exchange Commission (SEC) has delayed its decision on Canary Funds’ Litecoin ETF application.

The SEC is now inviting public comments on whether the proposal meets the regulatory standards, especially in preventing fraud and manipulation. The comment period will close on May 26, 2025, with replies due by June 9.

However, the SEC’s delay in approving an ETF could add some uncertainty for potential investors. In the past, ETF-related news has significantly influenced crypto prices, and Litecoin is no exception.

Earlier this year, when the SEC approved the first spot Bitcoin ETF, the cryptocurrency experienced a strong rally.

On the technical front, popular trader Carl Moon recently shared a chart showing Litecoin breaking down from an ascending channel.

According to Carl, if Bitcoin continues to decline, the LTC price could drop toward the $74.40 support zone. His chart highlights key resistance at around $100 and support at around $74, indicating that Litecoin is in a critical range.

A CoinMarketCap chart shows that the Litecoin price faced some resistance after peaking at $91.34, consolidating just below the $92 mark. The next major hurdle is the psychological $95–$100 resistance zone, where sell pressure has previously capped rallies. Litecoin could revisit the $105–$110 levels seen earlier this year if bulls break above this range.

On the flip side, if bearish momentum picks up, Carl’s $74.40 target remains a key support to watch, followed by the lower $70 region, which served as a floor in March 2025.

Original source:banklesstimes

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