Litecoin Is Building Up momentum to Breakthrough $100 Resistance
Litecoin (LTC) is down 3.2% to $95.25 this week, underperforming the broader crypto market where Bitcoin (BTC) is down by 0.6% to $103,000. Market volatility remains elevated, with BTC briefly climbing 2.3% to $107,081 before retreating on the back of Moody’s unexpected U.S. credit rating downgrade — a reaction that appears delayed and somewhat unusual. Despite the pullback, LTC remains just below the key $100 resistance level, though not in a critical position. Optimism around the potential approval of a spot LTC-ETF by the Federal Reserve is high, according to Polymarket data, which could support a breakout above $100 and fuel a rally toward $120.
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