Litecoin Climbs 4% to Top $84, With ETF Odds Growing

6 hours ago 1

The Middle East news might be the immediate catalyst, but spot ETF approval by the SEC could be coming.

Jun 24, 2025, 4:18 p.m.

What to know:

Litecoin's price jumped 4% to $85.45, holding near $84 on above-average volume, indicating conviction behind the breakout.
The next catalyst for litecoin's price could be regulatory, with the U.S. SEC reviewing bids for a spot LTC ETF.
Technically, Litecoin's price is bouncing between $84.00-$84.20 support and $85.30-$85.45 resistance.

Litecoin shook off last week’s slump, rising 4% to an intraday high of $85.45 and then holding ground near $84. The move came on volume above its 20-day average, signaling conviction behind the breakout.

An easing in global stress helped, with a supposed ceasefire between Israel and Iran.

The next catalyst may be regulatory. The U.S. Securities and Exchange Commission is reviewing two bids for a spot Litecoin ETF.

A green light to such a fund this year, to which Polymarket traders assign an 83% chance, would open LTC exposure to investors betting on crypto through traditional brokerages. Bloomberg analysts see a 95% chance of a spot LTC ETF approval.

Technical Analysis Overview

Litecoin’s price burst through the $83.40 ceiling backed by 331,459 LTC being traded in a single hour, according to CoinDesk Research's technical analysis data model.
LTC has since been bouncing between $84.00-$84.20 support and $85.30-$85.45 resistance.
A descending intraday channel printed lower highs until buyers defended $84.20.
Holding above $84 keeps $90 in play while a close below $84 risks a slide to $79.

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Francisco Rodrigues

Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk's $1,000 disclosure threshold.