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Litecoin Bucks Bearish Trend as ETF Hopes Climb Amid Rising Global Tension
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–
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By CD Analytics, Francisco Rodrigues|Edited by Aoyon Ashraf
Jun 18, 2025, 5:40 p.m.
- Litecoin (LTC) rebounded from early losses to post a 1.6% daily gain, trading above $84.6, despite choppy markets reacting to heightened tensions surrounding the war between Israel and Iran.
- The rebound was notable given the market’s sensitivity to macroeconomic stress, and traders are now watching the SEC’s review of spot litecoin ETF applications.
- From a technical perspective, LTC’s price action showed resilience, with support solidifying in the $83.48-$83.57 range.
Litecoin clawed back early losses Tuesday to notch a 1.6% daily gain, trading above $84.6 after dipping to $82.69.
The rebound came despite choppy markets reacting to heightened tensions surrounding the war between Israel and Iran, which has kept markets on edge, with the odds of a U.S. military action in the region before the end of this month now sitting at 62% according to Polymarket traders.
STORY CONTINUES BELOW
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Digital assets, often sensitive to macroeconomic stress, mirrored the jitters. Yet Litecoin showed unusual resilience, bouncing back near a key resistance at $85.6, according to CoinDesk Research’s technical analysis data.
Traders are watching the SEC’s review of spot litecoin ETF applications. Polymarket traders are now pricing in a 76% chance of approval this year.
- Litecoin posted a 1.6% gain over the 24-hour period, climbing from a low of $82.69 to close at $84.88. The broader market, as measured by the CoinDesk 20 (CD20) index, dropped 0.5% over the same period.
- Support solidified in the $83.48–$83.57 range, according to CoinDesk Research’s technical analysis data model, where buyers stepped in with above-average volume.
- This buying interest established a floor that helped LTC climb back despite intraday volatility. Resistance emerged at $85.60–$85.67, a zone that was tested twice but not breached.
- The price action developed an ascending channel, marked by higher lows, a sign of steady bullish momentum even as sellers capped gains.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk’s $1,000 disclosure threshold.
