- Litecoin traded near $112, remaining slightly in the green for the day but at risk of renewed losses.
- LTC price is hovering around a key support level as bulls try to hold back the bears.
- A broadly bullish crypto market and potential catalysts—such as a spot Litecoin exchange-traded fund—could help lift LTC higher.
Litecoin (LTC) was trading around $112, up roughly 2% over the past 24 hours, but still in the red over the weekly and monthly timeframes.
Meanwhile, 24-hour trading volume of about $694 million has fallen more than 22% from the prior day as top altcoins showed signs of a bounce.
With LTC drifting toward the $110 area, can bulls preserve gains, or is the altcoin poised to revisit the psychological $100 level and potentially trade lower?
Litecoin price outlook: Could $90 be next for LTC?
Price action shows Litecoin slipping below the midline of an ascending channel. Trading around $112, LTC faces the risk that a broader crypto pullback could accelerate a decline toward support near $100 and possibly test $90.
Daily technical indicators favor the downside, with the RSI and MACD currently giving sellers an edge.
Open interest has eased slightly as well, falling to about $994 million from a recent peak near $1.27 billion reached during LTC’s surge. Futures open interest for Litecoin remains above the early-August lows of roughly $800 million.
A breakout above $120 could enable bulls to challenge the upper channel resistance near $140 and set sights on the psychological $200 level.
Although the Moving Average Convergence Divergence (MACD) registered a bearish crossover in mid-August and histogram bars have turned red, the overall picture is mixed, with other indicators pointing to possible resilience.
For instance, the daily Relative Strength Index (RSI) sits around 46 but is trending upward, suggesting buyers might prevent a fresh slide into oversold territory.
If the RSI climbs above the neutral 50 level and market conditions align, LTC could pursue the bullish scenario outlined above.
What could drive Litecoin higher?
Network growth—including notable increases in hashrate—signals continued confidence in the proof-of-work coin and underpins a constructive outlook.
That on-chain strength, combined with positive market sentiment, sets up a scenario where bulls could ride broader crypto momentum in coming months to push prices higher.
Another key potential catalyst is approval of a spot Litecoin ETF. Litecoin is among the assets frequently mentioned as a candidate for such products.
Reportedly, the U.S. Securities and Exchange Commission’s decision in October 2025 on proposed spot LTC ETFs from issuers like Grayscale, Bitwise, and CoinShares carries a high perceived probability of approval, according to some analysts.
Market commentators suggest SEC approval for a spot Litecoin ETF could attract substantial institutional inflows—estimates have ranged up to several hundred million dollars at launch—potentially supporting a significant price move similar to prior ETF-related rallies in the crypto market.