💰 Litecoin Surges Amid ETF Buzz
Litecoin (LTC) has jumped over 12% in the past 24 hours as Nasdaq filed for listing Canary Capital’s Litecoin ETF. This momentum is backed by bullish technical signals, including a golden cross formation and rising investor interest.
📈 LTC RSI Signals Overbought Territory
The Relative Strength Index (RSI) for LTC has climbed to 75.4, up from 24.4 just four days ago. While an RSI above 70 suggests overbought conditions and possible pullbacks, strong momentum can keep it elevated, hinting at further gains. Traders should watch for any weakening signals.
📊 Price Prediction: Testing Resistance Levels
If LTC’s uptrend continues, it could break the $139 resistance and target $147, its highest price since December 2024. Positive ETF news could further fuel the rally. However, if momentum fades, support at $131 will be critical. A failure here could see LTC drop to $125 or even $96.8 in a stronger correction.
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