Litecoin (LTC) has become one of the strongest performers in the crypto market over the past 24 hours, gaining 10.57% to trade around $91.34 at the time of writing.
According to the latest data from CoinMarketCap, LTC’s 24-hour trading volume surged 51.64% to $843 million, often indicating a significant uptick in market activity. The market cap also climbed to $6.92 billion, pushing Litecoin to the 21st position among the top crypto assets.
Litecoin’s daily chart shows a notable breakout, with the price jumping from around $83 to above $91 within hours. This sharp move has attracted traders’ attention and placed LTC at the top of the gainers list alongside other tokens like Worldcoin (WLD), Stacks (STX), Cronos (CRO), and Bitcoin Cash (BCH).
Litecoin ETF Delay Stirs Uncertainty, But Bulls Stay Strong
Despite Litecoin’s impressive rally, regulatory hurdles are injecting some caution into the market. Eleanor Terrett of Fox Business reported that the U.S. Securities and Exchange Commission (SEC) delayed its decision on Canary Funds’ Litecoin ETF application.
The SEC is now seeking public comments on whether the proposal meets regulatory standards, particularly those related to preventing fraud and manipulation. The comment period ends on May 26, 2025, and rebuttals are due by June 9.
Although LTC ETF approval could bring a significant upside, the delay by the SEC adds uncertainty to potential investors. Historically, ETF-related news has substantially impacted crypto prices, and Litecoin is no exception.
Litecoin Price Prediction and Market Outlook
On the technical side, popular trader Carl Moon shared a chart showing that Litecoin recently broke down from an ascending channel. According to Carl, if Bitcoin ($BTC) continues to decline, the LTC price could drop toward the $74.40 support zone. His chart highlights key resistance at around $100 and support at around $74, indicating that Litecoin is in a critical range.
Similarly, a CoinMarketCap chart shows that the Litecoin price faced some resistance after peaking at $91.34, consolidating just below the $92 mark. The next major hurdle is the psychological $95–$100 resistance zone, where sell pressure has previously capped rallies. Litecoin could revisit the $105–$110 levels seen earlier this year if bulls break above this range.
On the flip side, if bearish momentum picks up, Carl’s $74.40 target remains a key support to watch, followed by the lower $70 region, which served as a floor in March 2025.
For more on cryptocurrency trends, read more on: Pepe Coin Price Prediction: Bullish Setup Targets $0.000015
