“The Middle East News Might Be the Immediate Catalyst, But Spot etf Approval by the Sec Could Be Coming.”, – WRITE: www.coindesk.com
(Coindesk Data)
- Litecoin’s Price Jumped 4% to $ 85.45, Holding Near $ 84 On Above-Average Volume, Indicating CONVICATION BEHIND The Breakout.
- The Next Catalyst for Litecoin’s Price Could Be Regulatory, With The Us Sec Review Bids for a Spot Ltc Etf.
- Technically, Litecoin’s Price Is Bouncing Between $ 84.00- $ 84.20 Support and $ 85.30- $ 85.45 Resistance.
An EASING IN GLOBAL STRESS HELPED, WITH A SUPPOSED CEASEFIRE BETWEEN ISRAEL AND IRAN.
The Next Catalyst May Be Regulatory. The US Securities and Exchange Commission is Review Two Bids for a Spot Litecoin Etf.
A Green Light to Such A Fund This Year, to Wich Polymarket Traders Assign An 83% Chance, Wound Open Ltc Exposure to Investors Betting on Crypto Through. Bloomberg Analysts See A 95% Chance of A SPOT LTC ETF APPROVAL.
Technical Analysis OverView
- Litecoin’s Price Burst Through The $ 83.40 Ceiling Backed by 331.459 Ltc Being Traded in a Single Hour, Accounting To Coindesk Research’s Technical Analysis Data Model.
- LTC HAS SINCE BEEN BUNCING BETWEEN $ 84.00- $ 84.20 Support and $ 85.30- $ 85.45 Resistance.
- A descending intraaday Channel Printed Lower Highs Until Buyers Defended $ 84.20.
- HOLDING ABOVE $ 84 Keeps $ 90 In Play While A Close Below $ 84 Risks A Slide to $ 79.
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