Litecoin Price Volatile Amid 90% Odds for Spot ETF Approval

Litecoin (LTC) is currently experiencing volatility with mixed signals from technical indicators and market activity. Recent bearish trends indicated by the Bollinger Bands and a price drop below the 20-day moving average suggest potential further declines toward the $83 level if buyers do not intervene, although some investors hope for a June recovery based on historical growth patterns. Conversely, short-term bullish momentum has emerged with Litecoin breaking above key resistance levels near $93, supported by expanding Bollinger Bands and rising volatility, hinting at a potential rally toward $96 and $100. Market interest in Litecoin is also being fueled by a growing likelihood of a spot Litecoin exchange-traded fund (ETF) approval by the U.S. Securities and Exchange Commission, with analyst James Seyffart assigning a 90% probability of approval, which is generating optimism among traders. Litecoin's price has shown resilience, rebounding from recent sell-offs and stabilizing near $92 to $93, supported by gains in traditional markets and increased buying activity. Overall, Litecoin faces critical support and resistance zones that will determine whether the current bullish attempts can sustain or if the bearish trend will continue.