{"id":2939,"date":"2025-06-15T15:07:59","date_gmt":"2025-06-15T15:07:59","guid":{"rendered":"https:\/\/bitunikey.com\/news\/litecoin-price-forms-bullish-flag-as-ltc-etf-odds-jumps\/"},"modified":"2025-06-15T15:08:00","modified_gmt":"2025-06-15T15:08:00","slug":"litecoin-price-forms-bullish-flag-as-ltc-etf-odds-jumps","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/litecoin-price-forms-bullish-flag-as-ltc-etf-odds-jumps\/","title":{"rendered":"Litecoin price forms bullish flag as LTC ETF odds jumps"},"content":{"rendered":"
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Litecoin has pulled back in the past month, erasing its gains after bottoming in April.<\/p>\n

Litecoin (LTC) was trading at $85.98 on Sunday, down by almost 20% from its highest point in May. This pullback has mirrored that of other altcoins like Cardano (ADA) and Chainlink (LINK).\u00a0<\/p>\n

Litecoin has pulled back despite data showing that the odds<\/a> of the Securities and Exchange Commission approving a LTC ETF have jumped to 76%.<\/p>\n

The probability that the agency will approve the ETF is high because it is a proof-of-work cryptocurrency like Bitcoin (BTC). Its main difference from Bitcoin is its supply limit of 84 million coins, compared to Bitcoin\u2019s 21 million.\u00a0<\/p>\n

<\/p>\n

Therefore, since the SEC has already approved Bitcoin ETFs, there is a good chance it will do the same for Litecoin. An LTC ETF approval would be good for the coin since it would likely lead to more inflows from American investors.\u00a0<\/p>\n

Another potential catalyst for LTC price is that whales have continued accumulating it. Santiment data shows that the accounts holding between 100,000 and 1 million tokens have increased their holdings from 25.8 million on April 15 to 27.8 million today.\u00a0<\/p>\n

Further data shows that Litecoin\u2019s social dominance has pointed upwards in the past few days, a sign that it is attracting attention from social media users. It rose to 0.734% from 0.512%.<\/p>\n

<\/source><\/p>\n<\/picture>
LTC whales and social dominance | Source: Santiment<\/a><\/figcaption><\/figure>\n

Litecoin price technical analysis<\/h2>\n
<\/source>
\n\"Litecoin\n<\/picture>
LTC price chart | Source: crypto.news<\/figcaption><\/figure>\n

The daily chart shows that the LTC price dropped to $63.30 in April and then bounced back to $106.72 as the crypto market rally happened.\u00a0<\/p>\n

Recently, however, it has pulled back and moved below the 50-day and 200-day Exponential Moving Averages. Falling below that level is a sign that bears have prevailed.<\/p>\n

Litecoin price has formed a bullish flag chart pattern, a popular continuation sign. This pattern comprises of a vertical line, which in this case starts at $63.29 and ends at $106.72. It is now forming the flag section in the form of a descending channel.<\/p>\n

Therefore, Litecoin price will likely rebound, and initially target the resistance at $106.7, which is up by 25% from the current level. A climb above that resistance will point to more gains, potentially to $140, the highest swing in January and February this year.<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Litecoin has pulled back in the past month, erasing its gains after bottoming in April. Litecoin (LTC) was trading at $85.98 on Sunday, down by almost 20% from its highest…<\/p>\n","protected":false},"author":1,"featured_media":2940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=2939"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2939\/revisions"}],"predecessor-version":[{"id":2941,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2939\/revisions\/2941"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2940"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}