As Global Tensions Rise, Litecoin Breaks From Market Lows on Renewed ETF Speculation

Litecoin Rallies Despite Geopolitical Tensions as ETF Bets Grow

Litecoin (LTC) reversed early losses on Tuesday, closing the day up 1.6% and trading above $84.60 after dipping to an intraday low of $82.69.

The rebound came as markets grappled with heightened geopolitical tensions amid the ongoing conflict between Israel and Iran. Traders on Polymarket now put the odds of U.S. military intervention in the region before month-end at 62%, adding volatility to global markets.

Digital assets generally tracked the broader market unease, but Litecoin showed notable resilience, rebounding toward resistance around $85.60, according to CoinDesk Research’s technical analysis.

Investor focus remains fixed on the U.S. Securities and Exchange Commission’s review of spot Litecoin ETF applications. On prediction markets like Polymarket, traders now estimate a 76% probability of a Litecoin ETF being approved in 2025.

Technical Highlights:

• Litecoin gained 1.6% over the past 24 hours, bouncing from $82.69 to close at $84.88, even as the CoinDesk 20 (CD20) index slipped 0.5%.
• Solid support emerged between $83.48 and $83.57, where buying volume spiked to stabilize the price amid choppy trading.
• Resistance remains strong between $85.60 and $85.67, which LTC tested twice but failed to break.
• Price action is forming an ascending channel pattern, signaling sustained bullish momentum as higher lows continue to print on the charts.

Litecoin’s rebound—and the growing optimism around a potential ETF launch—suggests that the asset may continue to hold firm even in turbulent macro conditions.