Key takeaways
- LTC rose 1% over the past 24 hours and is now trading around $85 per coin.
- The coin may rally above $95 amid growing retail demand.
Litecoin reclaims $85 as demand picks up
Litecoin (LTC) has gained roughly 1% and is trading above $85 per coin. The positive move comes amid increased demand for cryptocurrencies offered through listed Exchange Traded Funds (ETFs). Momentum built after Vanguard Group announced it would permit crypto market exposure via third-party ETFs.
Vanguard’s decision broadens access to the Canary Litecoin ETF (LTCC), which could lift demand for the fund.
Data from SoSoValue shows the Litecoin ETF recorded net zero flows on Monday and Tuesday, keeping cumulative net inflows at $7.67 million.
Meanwhile, Litecoin’s derivatives market is seeing increased interest: futures Open Interest (OI) rose 4.41% over the past 24 hours to $440.26 million. That uptick suggests traders are positioning for higher Litecoin prices in the near term.
On-chain metrics from CryptoQuant also indicate a rising average order size among whale traders, reflecting growing confidence that could further support demand.
Litecoin could reclaim $95 as indicators flash bullish
The LTC/USD 4-hour chart has been bearish and inefficient after Litecoin’s weak performance over recent weeks. The coin bounced from a low of $74 posted on Monday and shows potential for a further rally.
At the time of writing, LTC trades around $85.20 per coin. Short-term technicals have shifted bullish on the 4-hour timeframe. The RSI at 53 suggests bulls have regained control and that LTC is no longer in bearish territory. The MACD line turned bullish on Tuesday, reinforcing that bias.
If the recovery continues, Litecoin could push toward the short-term exponential moving average near $92.94. A sustained rally could carry it up to the 200-day EMA at approximately $99.51. Conversely, if Litecoin loses momentum, it could retest recent lows—notably the November 4 and December 1 intraday lows near $79.68 and $74.66, respectively.