Litecoin Bucks Bearish Trend as ETF Hopes Climb Amid Rising Global Tension

Litecoin clawed back early losses Tuesday to notch a 1.6% daily gain, trading above $84.6 after dipping to $82.69. The rebound came despite choppy markets reacting to heightened tensions surrounding the war between Israel and Iran, which has kept markets on edge, with the odds of a U.S. military action in the region before the end of this month now sitting at 62% according to Polymarket traders. Digital assets, often sensitive to macroeconomic stress, mirrored the jitters. Yet Litecoin showed unusual resilience, bouncing back near a key resistance at $85.6, according to CoinDesk Research’s technical analysis data. Traders are watching the SEC’s review of spot litecoin ETF applications. Polymarket traders are now pricing in a 76% chance of approval this year. Technical Analysis Overview Litecoin posted a 1.6% gain over the 24-hour period, climbing from a low of $82.69 to close at $84.88. The broader market, as measured by the CoinDesk 20 ( CD20 ) index, dropped 0.5% over the same period. Support solidified in the $83.48–$83.57 range, according to CoinDesk Research’s technical analysis data model, where buyers stepped in with above-average volume. This buying interest established a floor that helped LTC climb back despite intraday volatility. Resistance emerged at $85.60–$85.67, a zone that was tested twice but not breached. The price action developed an ascending channel, marked by higher lows, a sign of steady bullish momentum even as sellers capped gains. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk’s full AI Policy .

Source: CoinDesk