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>>Litecoin’s price may fall to between $66 and $70 if it loses the $100 level, but a proposed Canary Capital ETF could potentially lessen this decline.

Litecoin’s price may fall to between $66 and $70 if it loses the $100 level, but a proposed Canary Capital ETF could potentially lessen this decline.

crypthub

1 day ago

Litecoin Price Levels to Watch

Litecoin is currently testing resistance around $135–$140 after an uptrend since March. A confirmed breakdown below $100 support could trigger a significant 35–40% price decline towards $66–$70. Traders should closely monitor these levels for potential shifts in market direction.

Potential ETF Impact

Canary Capital's spot Litecoin ETF filing introduces a factor of optimism. Positive developments or regulatory progress could improve sentiment and limit potential downside corrections in LTC’s price. Monitoring ETF updates is therefore essential.

Technical Analysis and Risk Management

A break below $100 would signal a channel breakdown, accelerating selling pressure. Conversely, sustained resistance above $135–$140 is needed for continued bullish momentum. Careful position sizing and risk management are crucial considering these technical factors.