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The Litecoin price jumped 10% in the last 24 hours to trade at $92.41 as of 4:09 a.m. EST on a 58.2% increase in trading volume to $859 million.
The increase in the LTC price comes despite the SEC’s decision to delay approval of Canary Capital’s proposed spot Litecoin ETF.
While the delay could have dampened market sentiment, investors may be reacting to broader optimism surrounding eventual crypto ETF approvals or viewing the request for public comment as a step forward rather than a rejection.
🚨 BREAKING: SEC delays Canary Capital's Litecoin ETF decision.
Public comments open until June 9. $LTC price dips following the news#Crypto #Litecoin #SEC https://t.co/bWCPk1LRSS pic.twitter.com/GBpYw7qxx3
— Coincu (@Coincuofficial) May 6, 2025
Canary Capital, led by former Valkyrie Funds co-founder Steven McClurg, filed for the Litecoin ETF in October. The SEC requests input on whether the proposal introduces any new concerns not addressed in past ETF reviews.
Litecoin Price Defies Death Cross, Guns For A 48% Breakout
Litecoin on the 12-hour chart jumped 10% from the $82.36 support zone to a recent high of $92.41. This bounce comes as the cryptocurrency found firm footing at the 50 Simple Moving Average (SMA), a level that has proven pivotal in recent months.
The price action now sees a strong test of the $98.22 level, coinciding with the 200 SMA and a former support that has turned into resistance. This sharp rally has sparked renewed optimism among bulls, especially as technical indicators align in favor of a potential trend reversal.
The 50 SMA, which had been sloping downward since early March, is now curling back up. The convergence of the 50 and 200 SMAs hints at a possible “Golden Cross” formation, a bullish signal that could invalidate the bearish “Death Cross” that emerged in mid-March and triggered a 28% price slide.
LTCUSDT Analysis Source: Tradingview
The RSI (Relative Strength Index) currently reads 63.13, nearing overbought territory (above 70), indicating Litecoin is gaining strong momentum but could face short-term cooling.
Meanwhile, the MACD (Moving Average Convergence Divergence) indicator has just flipped bullish, with the MACD line crossing above the signal line, further hinting at upside potential in the near term.
Litecoin Price Targets A Breakout As $98 Resistance Looms
The Litecoin price still trades below the longer-term resistance at $98.22, which has historically acted as a barrier to upward movement. If the price breaks and holds above this level, the path could open toward $104 and stretch to $147.
On the downside, key support remains at $82.36, with deeper structural support down at $63.07 and $60.50. A breakdown below those levels would signal a continuation of the broader downtrend.
Litecoin also appears to be trading within an ascending parallel channel, offering a short-term structure for its current rally. With volume increasing and momentum indicators flashing green, all eyes are now on the $98 zone.
A clean breakout above this mark could ignite further upside, shifting the medium-term outlook for LTC from consolidation to recovery.
SUBBD Token Presale Heads For $400K- Next Crypto To Explode?
While Litecoin braces for a trend-changing breakout, SUBBD Token (SUBBD), an AI-powered platform revolutionizing the creator economy, has raised over $339k in its presale, cementing its status as a frontrunner in the $85 billion content subscription market.
With its innovative blend of artificial intelligence and Web3 technology, SUBBD is poised to disrupt how creators monetize content and engage with fans, offering a decentralized alternative to platforms like OnlyFans.
The SUBBD token powers the platform that streamlines creator workflows and eliminates costly middlemen. Features like AI-driven live streams, voice generators, and a 24/7 personal assistant all automate repetitive tasks like editing, research, and fan interaction, freeing creators up to focus on crafting authentic content.
$SUBBD Presale Hits $300k! ♥️
Creator economy 2.0 is loading… 📷https://t.co/dLCKejq5eX pic.twitter.com/daFlTht5dq
— SUBBD (@SUBBDofficial) May 3, 2025
With over 2,000 creators and a combined fanbase of 250 million, SUBBD’s ecosystem is already a powerhouse. The native token enables seamless transactions for subscriptions, tips, and exclusive content access, all with low-fee crypto or fiat payments.
According to influential YouTube channel 99Bitcoins, which has over 725K subscribers, SUBBD has the potential to be the next 100X crypto.
Moreover, staking SUBBD tokens offers a fixed 20% APY, attracting investors eyeing passive income.
The presale, hosted at the SUBBD Token official website, accepts ETH, BNB, USDT, or bank cards, with Best Wallet recommended for secure transactions.
The SUBBD token is currently priced at $0.05535, but the token’s price is set to rise in less than 2 days.
Visit the SUBBD Token website.
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