Litecoin (LTC) price managed to hold above $80 during the recent Middle East tension-fueled crypto market massacre. The token, which fans call the ‘silver’ to Bitcoin’s gold narrative, has traded around $83–$90 in a tight band in recent weeks.
The escalating tensions in the Middle East, especially following US involvement, sparked liquidations exceeding $1.7 billion and inflicted a roughly 4–17% drop across the crypto sector.
While Bitcoin dipped below the $100,000 mark, the LTC price broke below $80 for the first time since April 2025. Though the token mounted a recovery on June 23, early trading on June 24 suggests bears still rule the narrative.
Despite the downturn, market sentiment around LTC remains strongly bullish. Traders and analysts expect a sharp rebound—or even breakout—with much of the optimism driven by potential institutional catalysts rather than speculative hope.
Traders Bet on a Litecoin Breakout
Retail analysts and crypto influencers remained vocally bullish on Litecoin, even as broader markets show weakness. Several posts circulating on X highlight a potential double-bottom pattern on LTC’s daily chart, with projected upside targets around $100.
One trader shared a post describing the current range near $83 as the “last chance to buy cheap.” At the same time, another suggested that Litecoin was likely to repeat its 2017 vertical rally based on a rounded-bottom fractal overlay. However, the fractal chart, shared by a Litecoin parody account, lacked technical details or a marked timeline.
Another chart analysis account on X noted that the LTC USD pair was consolidating within a symmetrical triangle pattern on the daily chart, with price pressing against the ascending support trendline. The formation reflects growing indecision between bulls and bears. The 100-day moving average acts as dynamic resistance, and volume remains subdued.
A decisive breakout above the triangle and the $93 resistance zone could open the door to a rally toward $107 and potentially $117. Conversely, a breakdown below $80 would invalidate the bullish structure and risk a retest of the broader $66–72 support area. Traders await confirmation before committing to directional positions.
While speculative, these narratives are supported by the token’s ability to hold key technical levels during recent volatility.
LTC ETF Hopes Still Alive
More materially, a June 20 post from Bloomberg’s James Seyffart, who raised Litecoin’s spot ETF approval odds to 95%, further helped advance Litecoin’s bullish narrative. The update prediction placed LTC alongside Solana and XRP in the top approval bracket, citing confirmed 19b-4 acknowledgments and active filings from firms like Grayscale, CoinShares, and Canary Capital.
Traders received the update positively, interpreting it as a sign that regulatory clarity around Litecoin is strengthening. The ETF narrative offers a more grounded catalyst for price discovery, especially given the token’s long-standing commodity classification and deep exchange integration.
With retail sentiment and institutional thesis aligning ahead of the SEC’s final deadline in October, Litecoin could re-emerge as a contender for upside in the second half of 2025.
