Litecoin Holds $110 Support, Eyes $140–150 on ETF Optimism
Litecoin price recently bounced above the key $110 support level, trading around $113 after a 1.8% gain on Sept. 5 and a 4% weekly rise. Earlier, LTC dipped to about $112, breaking below its ascending channel midline and showing bearish signals (RSI at 46, bearish MACD). Open interest in LTC futures contracted from $1.27 billion to $994 million but remains elevated. A sustained drop under $110 risks sliding toward $100 and $90, while a rebound above $120 could test resistance near $137–140 and even $200. Spot ETF optimism—Bloomberg assigns a 90% chance of SEC approval by October 2025—and recent hashrate spikes underpin bullish prospects. On-chain data shows nearly half of LTC supply held by large investors, but rising exchange inflows suggest profit-taking. A break above $137 may trigger a short squeeze toward $145–150. Traders should monitor the $110 support, $137–140 resistance, and upcoming US jobs data for short-term volatility and potential medium-term bullish trends.
Bullish
In the short term, Litecoin’s hold above $110 and a shift to bullish technical indicators (RSI near 48, bullish MACD crossover), combined with spot ETF approval odds (90% by October 2025) and Bitcoin’s recovery above $112,000, are likely to attract fresh buying interest. A break above $137 could trigger a short squeeze toward $145–150. In the medium to long term, an approved Litecoin spot ETF and potential $500 million in institutional inflows could underpin a sustained rally. Traders should monitor key support at $110, resistance at $137–140, and macro catalysts like the US jobs report for volatility and profit-taking signals.