Litecoin breaks out above $60 as ETF holdings hit record and leveraged bets surge

  • Litecoin broke above $60-$62, reaching an eight-month high near $75.
  • Futures open interest reached $670 million after roughly $140 million entered within 48 hours.
  • U.S. Litecoin ETF holdings reached a record 175,000 LTC, including 39,000 LTC added to LTCC.

Litecoin surged more than 16% in its latest session to an eight-month high near $75, breaking above the $60-$62 resistance zone and exceeding the range that contained prices for most of the year. Trading volume was the strongest of 2026, while U.S. spot Litecoin ETF holdings reached a record 175,000 LTC after roughly 39,000 LTC was added to Canary Capital’s LTCC vehicle, worth $2.8 million over recent sessions. Futures open interest climbed to about $670 million, near the $690 million annual peak recorded in January 2026, with roughly $140 million added in 48 hours and $270 million over a week. LTC-denominated metrics rose 25% in seven days, indicating that traders were adding synthetic positions rather than merely benefiting from higher collateral values. Litecoin previously fell from $80 to about $53 after reaching its January open-interest peak. The rally cleared the 50% and 61.8% Fibonacci retracement levels at $62.09 and $67.47 and is testing $75-$76, where a sustained daily close could put $80 and then $84-$85 in focus. Support lies first around $67-$70, followed by $60-$62, while a move below $56.70 would weaken the bullish structure and could expose the $50-$54 range. RSI reached 81, an overbought reading without immediate bearish divergence. LitVM is also developing an EVM-compatible rollup secured by Litecoin, using Litecoin-based settlement and zero-knowledge technology; its LiteForge testnet is live and targets DeFi, tokenized assets and other Web3 applications. The expanding leverage leaves the breakout vulnerable to sharp liquidations if momentum fades.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.