Litecoin Defends ETF Delay With 11% Surge above $90, Key Level To watch Is $100.

By: bitcoin ethereum news|2025/05/07 23:30:02

The Layer 1 crypto Litecoin (LTC) was seen in the 24-hour top gainers list, and Bitcoin(BTC) hit $97,000. Litecoin movement is a highlight of market, as the coin performed even after the negative news of the US SEC’s delaying the Litecoin Spot ETF applied by Canary Capital. LTC performance readings on a short term show a corrective approach, while the long-term performance is impressive and fuels new high cycles. Litecoin faces increased selling pressure. The Litecoin’s contrary performance to negative fundamentals is a breakthrough, and gaining back the $90 zone has also attracted confidence in the asset. On the other hand, the key indicators, MACD and CM,F show an upcoming cooling period and potential selling. The Chaikin Money Flow (CMF) indicator, which measures buying and selling pressure, is at the centre line(0), indicating weakening buying pressure, despite the rising prices. Litecoin in the short term could lose its upward momentum. On the other hand, Litecoin’s on-chain data Network Realized Profit/Loss (NPL) shows an increase in several unrealized gains, and this can turn the LTC market greedy anytime. Litecoins Weekly Chart Is Admiring LTC/USD in the weekly chart reflects its admirable performance since July 2022. The asset has created an upward channel while attempting a horizontal breakout 3 times. After being rejected by the top and a dramatic drop below the reversal, the price is now nearing the centre line, which is at the $100 mark. The RSI is approaching 50 from the bottom, andthe MACD is heading toward closing to 0, showing the momentum turning towards neutral Litecoin, the Good ride ahead In conclusion, as we see Litecoin’s performance since its April dips has been a great comeback to create key resistance $100. If the buyers loose control, we can see a price dril to $85 and of the market cycle continues to be bullish $105 is on the cards in next 2 weeks. Source: https://coinpedia.org/price-analysis/litecoin-defends-etf-delay-with-11-surge-above-90-key-level-to-watch-is-100/

This uproar in the crypto circle appears to be a cultural conflict between a traditional economist and a crypto OG, but looking deeper, it is merely the new fire leveraging Fu Peng's influence in the traditional financial sector to pry open a batch of client funds that were originally difficult to r...

Why Private Credit Became the First True Bridge from TradFi to DeFi

Unveiling the core logic of private credit leading RWA: it is no longer just simple tokenization, but rather a true reshaping of the practical value of asset on-chain through real returns and deep integration with the DeFi ecosystem.

Senior cryptocurrency investor: Blockchain is showing a siphoning effect on capital

Stablecoins are the first real-world assets on the blockchain, but they will not be the last. Every billion dollars in stablecoins generates $12.2 billion in economic activity and $19 million in protocol revenue annually; once capital is on the blockchain, it gains productivity and does not go back.

When traditional crypto derivatives start to subtract: Insights from Hyper Trade's products

Say goodbye to complex contracts, as crypto derivatives begin to "subtract": This article breaks down how Hyper Trade reduces hardcore risk pricing into "second-level multiple-choice questions," reshaping the trading experience for retail investors.

My view on blockchain has changed

In-depth Reflection on the Value of Blockchain Applications and the Time Dimension

Will AI Agents use bank cards? Why can't Agentic Payment avoid stablecoins and blockchain?

Why can't AI agents just swipe bank cards? An article to understand the new tiered payment system: stablecoins and blockchain are becoming the exclusive settlement language and verifiable trust foundation of the "machine economy" era.

ENI's RWA ambition: to create an enterprise-level BaaS platform that allows Web2 institutions to "go beyond just asset on-chain."

What are the differences between RWA 1.0 and RWA 2.0?