Litecoin Is Rushing to $100.00
Litecoin (LTC) is up 5.1% this week, trading at $91.46 as it recovers from a recent decline to $82.46. The earlier drop was largely attributed to political tensions within the United States. With the broader crypto market stabilising and Bitcoin (BTC) gaining 2.5% to $109,980, just below the key $110,000 resistance, market sentiment is improving. A breakout in BTC above this level could drive the next leg of the rally, with targets at $118,000–$120,000.
In such a scenario, Litecoin is likely to follow, with a potential return to the $100.00 level. Investor optimism is also building around the possibility of a Litecoin ETF approval by the U.S. Securities and Exchange Commission. Bloomberg analysts currently assign a 94% probability to this outcome. A confirmed ETF approval and a clean break above $100.00 could set LTC on course toward the $120.00 mark.
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