TradingKey – Litecoin (LTC) defied the broader crypto market downturn on Friday, October 10, jumping more than 12% intraday and briefly surpassing $130.
As of press time, LTC is trading at $129.45, approaching a key resistance level near $150 — last seen during the post-election rally following President Trump’s victory.
LTC Price Chart – Source: TradingView
While Bitcoin (BTC) and Ethereum (ETH) both retreated this week after short-lived rallies, Litecoin stood out with a strong upside move. The rally is largely driven by growing optimism around the potential approval of the Canary LTC Spot ETF.
Due to the ongoing U.S. government shutdown, the SEC did not take action on the ETF proposal by its initial decision deadline yesterday. However, market sentiment remains overwhelmingly bullish. According to prediction platform Polymarket, the odds of approval this year have surged to 96%, fueling investor confidence and speculative momentum.
If approved, the ETF would mark a major milestone for Litecoin, potentially unlocking institutional inflows and solidifying its position as a leading altcoin. Traders are now watching closely to see if LTC can break through the $150 barrier and challenge its historical highs.
