ETH: Litecoin trades near $112, just in the green on the day but at risk of fresh losses 🛑
The LTC price hovers at key support level as bulls attempt to hold bears off 💼
Meanwhile, spot ETFs for Litecoin could be a major catalyst, helping the altcoin go higher 🔗
Litecoin (LTC) is trading at $112, about 2% up in the last 24 hours, but in the red over the past week and month time frames. 🎯
Open Interest has also dropped slightly to $994 million from recent highs of $1.27 billion, as LTC spiked earlier this year. 🔌
If bulls manage a breakout above $120, they could aim for the psychological $200 mark near the upper channel barrier. 🚀
Experts predict SEC approval for Litecoin spot ETFs could drive up to $500 million in institutional inflows at launch, supporting higher prices. 💰
What do you think? Is Litecoin set for a bullish turnaround or will it continue its dip? 👇