The LTC price appears flexibility despite the last market fluctuations, as it stuck firmly within the main support range. The market is closely monitoring the price, as some expect it to reach $ 200. Submit the NYSE file to get the Litecoin ETF spot has a lot of people who believe that the price may jump soon.
The main support area LTC and accumulation levels
The price of Litecoin remains stable in a range of $ 90.1 to $ 99.1, which analysts set as a critical accumulation area. The Crypto Investinghaven analyst shared X that LTC maintained this support after a sharp decline, indicating a strong purchase interest in this field. Looking at the main price levels, $ 97.5 appears as an important sign – where the Fibonacci line is 61.8 %.
The next level of watching is $ 128.6, which is lined with 50 % Fibonacci Point. If the LTC price exceeds this level, it may pave the way for a gathering towards its target areas 2025, including $ 200 and beyond.
Litecoin’s technical indicators and trends
The chart analysis reveals a long -term descending trend line from the highest level in LTC in the year 2021 ever, which is $ 350, which reflects the continuous declining momentum over the past two years. However, the unification of the last prices near the level of $ 128.6 Vibonacci indicates a possible reflection.
The collapse above this resistance may push the LTC price to a bullish stage. Analysts refer to a brand of $ 200 as an investigative goal if market conditions remain favorable. Additional goals include an extended area near $ 300 and a bullish scenario of $ 350.
Also read: Chainlink Patter
NYSE Spot Litecoin Etf File
There is more good news – The New York Stock Exchange has made papers with SEC to convert the confidence of Litecoin’s Litecoin’s Trust to ETF spot. We must hear their decision in March, and it can really shake matters at the price of Litecoin. Possible approval of the investment funds circulating in the period enhance the vision and liquid of Litecoin in the wider financial market.
finally, It also merges the price of LTC within it The support zone, the market participants are closely monitoring the penetration above the level of $ 128.6. The combination of strong technical indicators, accumulation patterns, and external stimuli such as the ETF file can be that Litecoin can be about to bullish gathering towards its expected goals.
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