Litecoin Gains Over 2% as Whale Holdings Increase and Price Surges
Litecoin (LTC) rose over 2% to $88, driven by speculation around a potential spot ETF approval. Key points include:
- LTC increased from $85.05 in 24 hours.
- Analysts estimate the chances of ETF approval at 90% and traders at 76%.
- Whales increased LTC holdings from 25.8 million to 27.8 million since mid-April.
- Technical analysis indicates a bullish reversal with higher lows and highs, reflecting strong demand.
- Support established near $86.50, resistance at $87.80 was broken with significant trading volume.
Overall, the price movement shows steady institutional interest and diminished selling pressure.