Litecoin ( LTC ) price prediction: technicals are bullish and ETF favourable information drives a rebound, expected to challenge 100 dollars.

As the Crypto Assets market warms up comprehensively, Litecoin's price breaking through the key resistance level has attracted investors' attention. After several months of Sideways fluctuations, LTC is currently stable above 90 dollars, with a daily rise of over 4%. The technical aspect shows strong bullish signals. Analysts point out that if it successfully holds the 90 dollars support level, Litecoin may initiate a new round of pump cycle.

Technical breakout indicates trend reversal

Renowned analyst Carl Runefelt confirms: The LTC daily chart has broken through the descending trend line, releasing a strong buy signal. Key observation points include:

• ✅ Continuously standing firm on the 50-day and 100-day moving averages (recent strong resistance level)
• ✅ Next target level: $97.10 key resistance area
• ⚠️ Ultimate Test: 200-day moving average (98.50 USD)

If it successfully breaks through this position, the medium-term trend reversal of Litecoin will be confirmed, paving the way to challenge the psychological barrier of 100 dollars.

( Litecoin breaks below resistance level | Source: X)

The probability of spot ETF approval has soared to 95%

According to the latest data from Bloomberg: The probability of the Litecoin spot ETF being approved is 95% (as of October 2). If approved, it will bring:

• 🚀 Institutional funds compliance entry channel
• 💰 Low fees + high liquidity advantages attract large amounts of capital
• 📈 Promote LTC to become a strong competitor in this bullish market.

Key Price Range and Operating Strategy

• Bullish Defense Line: Support range of 87-89 USD (breakthrough turned support)

• Bearish Defense Line: Resistance level of 97.1-98.5 USD (200-day moving average)

• Volume Coordination: During the breakout, trading volume significantly increases, and buying momentum strengthens.

  

Key Tips: If the weekly closes above $90, the LTC market structure will officially turn bullish. Conversely, if it encounters resistance at the 200-day moving average, it may retest support.