Litecoin’s ETF Hopes Rise Even as Price Retreats From $101 Peak

The cryptocurrency market is experiencing significant fluctuations as global economic factors and regulatory developments create both challenges and opportunities. Litecoin's recent price action reflects this broader market sentiment, with the cryptocurrency encountering strong resistance at $101.65 after reaching a peak of $101.90. Despite the subsequent correction to the $95-$96 range, LTC has shown resilience with support emerging around $95.82.

Market analysts point to the recent US-China tariff agreement as a key driver behind Litecoin's price movements, with the cryptocurrency gaining bullish momentum following the deal announcement. Additionally, Federal Reserve policy decisions have contributed to positive sentiment in risk assets, helping LTC maintain its position above critical support levels despite the correction.

In the regulatory landscape, the SEC has delayed decisions on spot ETF applications for several cryptocurrencies including Litecoin, creating...

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