Litecoin (LTC) is experiencing a surge in bullish sentiment as potential ETF approval and robust on-chain data drive price predictions higher. Whale accumulation has increased by 15%, contributing to positive market dynamics, with analysts speculating a move toward $200 in the near future. Currently trading around $95, LTC has firmly held the key support level at $91.50, reigniting optimism among traders.
Technical analysis indicates that a daily close above the $96 resistance could propel Litecoin toward $112, representing a potential 20% upside. Experts highlight that reclaiming the $94 support zone signals strong buying pressure, with projections suggesting a return above $100 by the end of October and a year-end target of $140. The broader crypto market's stability, particularly Bitcoin's performance, is crucial for confirming a sustained breakout, as LTC's recovery aligns with gradual market repair from recent corrections.
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