Litecoin Jump 12% to $127 as Eft Hopes Don High and Payment Dey Rise
Litecoin jump 12% inside 24 hours reach $127, e extend im 47% monthly rally as broader crypto markets dey recover. Optimism for spot Litecoin ETF approval—wey Bloomberg rate am 95% likely for 2025 and Polymarket rate am 81%—combine with record payment adoption (14.5% share for CoinGate) and MEI Pharma $100 million treasury allocation dey support bullish sentiment. On-chain metrics show network resilience with 340 million transactions processed and 12% happen this year. Technically, LTC break above symmetrical weekly triangle plus dey trade inside ascending channel above 20- and 50-day EMAs, e get support from bullish MACD crossover, RSI at 64, and upper Bollinger Band. Key resistance levels dey at $140 and possible $200 supply wall, while support zones dey around $110–$101. Traders suppose dey watch ETF approval developments and payment usage as catalysts for more Litecoin gains and crypto payments growth.
Bullish
Di outlook for Litecoin dey bullish. For short term, strong price momentum wey dey driven by ETF approval optimism plus technical breakout pass symmetrical triangle, wey bullish MACD and RSI signals support, mean say price fit still climb reach $140 and beyond, meanwhile key supports for around $110–$101 dey limit downside risk. For long term, better payment adoption, institutional allocations like MEI Pharma’s $100 million treasury purchase, plus high on-chain transaction volumes dey support steady demand and market stability. As ETF approval chances dey rise, Litecoin dey ready for continuous gains.