From Yahoo Finance: 2025-06-16 13:22:00

Litecoin (LTC) surged over 2% on Monday, reaching $88 amid hopes for a potential spot ETF approval and global uncertainty. The SEC may approve a spot ETF giving exposure to LTC, with analysts estimating a 90% chance. Whales have increased their LTC holdings by 2 million tokens since mid-April.

CoinDesk Research’s technical analysis data model suggests a bullish reversal for Litecoin. The uptrend featured higher lows and higher highs, indicating growing demand. Significant trading volumes suggest institutional interest, with support near $86.50 and resistance at $87.80 broken after a surge in trades.

Three buying waves pushed LTC past resistance levels, with one surge seeing 28,000 tokens exchanged. This helped establish a new support level above $88, with selling pressure easing post-surge. The article was partly generated by AI tools and reviewed for accuracy by the editorial team.



Read more at Yahoo Finance: Litecoin Climbs Over 2% as Whale Holdings Grow and Price Breaks Key Resistance