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The market crypto responded positively because Fed kept interest stable. Many believed that markets could show extreme volatility ahead of FOMC, but fresh rates offered significant pressure on the price of BTC, as well as other Altcoine. In the meantime, Litecoin’s price seems to have been preparing for a breakthrough, as she started a strong jump long before the FOMC, in the middle of the SEC examination to the ETF application, increased by over 14%.
The LTC price increased 14% after an ETF; Where will the pricing head after approval?
Litecoin is considered one of the most respected tokens because it is the first cryptocurrency after bitcoin, which is still working. At a time when token appeared dead for many, the LTC price showed a huge bull’s move. The LTC story rally is limited below $ 100 to 2023 and 2024, and now that the price is consolidated above the range from the beginning of 2025, it seems that the new ATH is this year.
The weekly chart of the price of the LTC shows that the price of preparation for the next bull’s action is because the levels were held above the 200-day ma. Furthermore, the 50/200 day is moving a week towards the bull crossover, known as Golden Cross, which can further stimulate the price outside the resistance to $ 205. In addition, Macd, who was about to undergo a bear crossover, quickly showed bicko divergence and revived bull hopes.
Therefore, it is believed that Litecoin price pierced above the prevailing consolidation and an increase above the central range of about $ 150. The growth of volume suggests the increase in the participation of the merchant, which could eventually increase the volatility of the token. Therefore, it is soon believed that the price, which is in the top 20, will enter the top 15 because the Bulls are prepared to increase the level above $ 300.
