Litecoin dey rally on top 90% ETF chance plus merchants dey use am more
Litecoin don jump 12.7% for di last 24 hours, e dey trade near $128. Dis one na because 90% chance say spot ETF go get approval and e get CFTC commodity classification. Institution dem interest don rise because Bloomberg predict am plus MEI Pharma add $100 million for LTC reserves. Technical indicators show say breakout dey: support dey now for $110.70, resistance dey $131.18, RSI still below overbought level and MACD dey bullish. Analysts sabi say e fit reach $144.56 to $150 according to Fibonacci extensions. Merchant adoption dey grow too: Litecoin na 14.5% of CoinGate payments for July, and almost 40% vendors don dey hold crypto proceeds now, e rise from 27% for 2024. With ETF momentum and real-world use join body, Litecoin fit continue to gain and attract long-term inflows.
Bullish
For both reports, Litecoin price jump na come from strong chances say spot ETF go get approval—Bloomberg forecast say e go reach 90% and good CFTC classification—combine with technical breakout signs plus merchants wey dey adopt am more. Short-term, ETF momentum with bullish technical setup dey support make e continue to rise go analysts target of $144.56–$150. Long-term, rising institutional reserves plus real-world payment use cases dey boost market confidence, making Litecoin attractive for steady inflows.