Litecoin ETF Inflows Top $856K, Set Up Rally Toward $105
Litecoin ETF inflows reached $855.88K on November 3, marking one of the largest single-day gains this quarter. Institutional investors rotated $1.07M into LTC spot ETFs, keeping ETF premiums near net asset values. On-chain metrics show rising retail momentum, with active Litecoin addresses and transaction volumes outpacing ZEC. Price consolidation between $85 and $100 persists, but a Stochastic RSI rebound from oversold levels signals fading bearish pressure. Continued Litecoin ETF inflows and growing volume could drive LTC toward the $105 resistance in the short term. Traders should monitor ETF flows and volume trends for signs of a sustained upswing, with a break above $100 opening the way to new highs.
Bullish
The surge in Litecoin ETF inflows and rising on-chain activity point to growing institutional and retail confidence in LTC. Large daily ETF net inflows of $855.88K and $1.07M in trading volumes signal strong demand. Technical indicators like a Stochastic RSI rebound from oversold levels suggest bearish momentum is waning. In the short term, these factors may drive Litecoin above the $100 mark toward the $105 resistance. Over the longer term, sustained ETF flows and on-chain growth could support further price appreciation. While profit-taking and volume fluctuations may cause temporary consolidation, the overall outlook remains bullish.