Litecoin (LTC) Traded Near $96 on May 27, Marking a 1.6% Daily Gain But Remaining Within a Broader Consolidation Range

Bitcoin continues to dominate sentiment, holding above the $110,000 mark after notching a fresh all-time high earlier this month. Ethereum clings to the $2,600 handle

Litecoin (LTC) traded hands at $95.8 on May 27, up 1.6% over the last 24 hours as the cryptocurrency remained in a broader consolidation range. The price was still well below 2025’s peak near $141.

Litecoin has shown muted performance compared to leading crypto assets. Bitcoin continued to dominate sentiment, trading above the $110,000 mark after notching a new all-time high earlier in May. Meanwhile, Ethereum showed little strength to reclaim prior resistance levels as it moved within the $2,600 range.

In contrast, Litecoin’s price action was characterized by low volatility and tight compression, with minimal deviation from the $93–$98 range over the past week. While bulls continued to defend critical moving averages, the lack of a strong directional move stood out, especially amid a broader rally in risk-on assets.

Memecoins, AI-related tokens, and Layer 1 altcoins drew short-term capital rotation, leaving LTC on the sidelines despite speculative talk surrounding a potential ETF.

CoinShares data further reflected this trend. In the week ending May 23, Litecoin investment products reported zero inflows, even as digital asset inflows hit a record high of $10.8 billion. Bitcoin accounted for nearly $3 billion, absorbing the lion’s share of institutional interest. The absence of inflows into Litecoin underscored investor caution, suggesting that macro enthusiasm for crypto had yet to translate into material accumulation of LTC.

LTC Eyes Breakout, But Bulls Face Critical EMA Roadblock and Dual Resistance Block

Despite the muted investor sentiment, Litecoin (LTC) price action continues to compress within an ascending triangle structure. The pattern had a flat overhead barrier and a series of higher lows anchored along a long-term trendline stretching back to mid-2024.

The pattern reflected a classic bullish continuation setup, marked by consistent demand absorption on dips while supply capped upside. Typically, such patterns broke higher, but only after reclaiming key resistance layers.

The measured move target for the ascending triangle aligned with the vertical range from the lowest swing low of the triangle to the horizontal resistance ceiling, projected upward from the eventual breakout point. Based on this structure, the calculated target sat just above the $210 mark.

LTC price was trapped beneath the 20-day (red) EMA dynamic resistance. Multiple rejection wicks near this red line underscored weakening short-term momentum.

The 50-day, 100-day, and 200-day EMAs—clustered around $93.4—formed a strong support confluence, absorbing selling pressure and stabilizing the structure.

Before testing the triangle’s top boundary, LTC must overcome resistance at the 0.618 level around $107. Breaking past the immediate resistance could give Litecoin bulls a chance at the $118 resistance level. Only then could bulls attempt a run toward the pattern’s upper trendline.

Support remained firm at the 0.236 Fib level near $85, reinforced by a prior volume node. Any decisive breakdown below that region would open a path toward the rising base trendline, currently near $76. RSI remained neutral near 52, offering no decisive edge.

However, a high-volatility move could soon follow with declining volume and narrowing price action, likely triggered by reclaiming or rejecting the key $107 level.

ETF Speculation And Macro Signals Sustain Bullish Sentiment

The Litecoin price had shown minimal volatility as the broader crypto market responded to external catalysts. Despite the stagnant price action, sentiment within the Litecoin community remained bullish. Broader market developments reinforced hopes of a potential spot ETF approval in 2025.

The prospect of an ETF was the central bullish narrative. Bloomberg analysts James Seyffart and Eric Balchunas predicted a 90% probability of approval for an LTC ETF, citing the SEC’s favorable treatment of Litecoin as a commodity.

This distinction—absent in cases like XRP or Solana—positioned LTC for a smoother regulatory path, increasing investor confidence. On social media, traders anticipated a surge in value if approval materializes, with several posts pointing to price targets between $118 and $125, consistent with recent technical and on-chain models.

Cloud mining services like LTC Auto Mining offered daily Litecoin payouts, instant withdrawals, and zero hardware requirements to attract retail users. These platforms marketed “free” mining as a passive income opportunity. Additional bullish cues included increased social chatter about pension fund exposure and ETF strategies tied to Litecoin.