LTC News: Symmetrical Triangle Pattern Could Signal Major Litecoin Rally by 2025

Litecoin (LTC) has been consolidating within a symmetrical triangle pattern since mid-November, reflecting market indecision. This pattern often precedes significant price movements as buyers and sellers vie for control. Currently trading at $101, LTC has surged 10% following a rebound from a key support level within the triangle. Analysts are closely watching for a breakout, which could potentially trigger a major rally leading up to 2025.

Litecoin: Will THIS pattern help LTC trigger 2025 rally?

Litecoin (LTC) prices have been consolidating within a symmetrical triangle pattern since mid-November, indicating market indecision. This pattern often precedes significant price movements as buyers and sellers battle for dominance. At the time of writing, LTC was trading at $101, marking a 10% surge since its recent rebound from the key triangle support level in the last 48 hours. The market is awaiting a clear signal, and a breakout could be imminent. The direction of the breakout depends on volume and overall market sentiment. Continued bullish momentum might push LTC beyond the critical triangle resistance level.

Litecoin ETF May Be Near SEC Approval After Canary Funds Amends Filing

Canary Capital’s Litecoin ETF could soon receive approval from the U.S. Securities and Exchange Commission (SEC). Bloomberg Analyst Eric Balchunas noted that Canary Capital recently received feedback from the SEC on its S-1 form filing, indicating a positive step toward approval. Balchunas believes that Litecoin is the most likely cryptocurrency to be approved for an ETF next. However, the new SEC chair's stance remains a significant variable. Canary Capital initially submitted the S-1 form for its LTC ETF in October 2024 and recently amended the filing.

Top Crypto Picks for a Solid Portfolio in 2025

As the bull market gains momentum, diversifying your crypto portfolio with a mix of established and new cryptocurrencies is crucial. This article highlights Rollblock, Litecoin, Cardano, and Stellar as top picks for 2025. Rollblock, a new entrant, is expected to offer high returns despite its volatility due to its small market cap. On the other hand, legacy cryptocurrencies like Litecoin, Cardano, and Stellar are seen as more stable investments that could balance the portfolio's risk.