Litecoin (LTC) is experiencing market volatility amid regulatory uncertainty and global economic factors. Recently, LTC faced strong resistance at $101.65 after peaking at $101.90. Despite a correction to the $95-$96 range, support emerged around $95.82.
Analysts attribute Litecoin's price movements to the recent US-China tariff agreement, which initially fueled bullish momentum. Federal Reserve policy decisions also contributed to positive sentiment, helping LTC stay above critical support levels.
The SEC's delayed decisions on spot ETF applications for Litecoin and other altcoins have created both uncertainty and anticipation. Betting markets still indicate an approximate 80% probability of approval before year-end, reflecting investor optimism. Institutional interest and cross-border transaction utility continue to support Litecoin's position in the crypto market.
This article is based on our author's analysis of materials taken from CoinDesk.