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- LTC spot ETFs recorded $855.88K inflows, signaling strong institutional interest.
- Retail demand is rising, with active addresses and spot volumes surpassing peers like ZEC.
- Price consolidation between $85–$100 suggests potential short-term breakout near $105.
Litecoin (LTC) is capturing attention from both institutional and retail traders following notable ETF inflows that signal renewed market confidence. The surge highlights growing interest in LTC, prompting questions about whether this could mark the start of a broader upward trend.
Institutional Flows Signal Confidence
Data from SoSoValue revealed that LTC spot ETFs recorded $855.88K in daily net inflows on November 3rd — one of the highest single-day totals in recent weeks. Such activity underscores a rotation of institutional capital into Litecoin, even as broader market sentiment shows signs of fatigue.
The cumulative trading value of $1.07 million, coupled with a steady premium near net asset value (NAV), points to stable and sustained interest from professional investors. Historically, ETF inflows like these often serve as a reliable barometer of institutional conviction.
Retail Traders Join the Rally
Institutional interest is mirrored by a surge in retail participation. Litecoin’s active addresses, spot market volumes, and futures open interest have all been trending upward. In fact, LTC is outperforming several peers, including Zcash (ZEC), which recently enjoyed bullish momentum.
This simultaneous push from institutions and retail traders is significant. Past trends suggest that when both groups align, momentum tends to persist, creating favorable conditions for price growth.
What Lies Ahead for Litecoin?
Currently, LTC is consolidating between $85 and $100, with early signs of selling pressure easing. The Stochastic RSI recently bounced from near oversold levels, hinting at weakening bearish momentum.
Looking forward, continued ETF inflows and sustained retail activity could push Litecoin toward short-term resistance near $105. However, traders should exercise caution. Sharp profit-taking or a sudden dip in trading volume could prolong the consolidation phase before any decisive breakout occurs.
Litecoin’s recent activity reflects a growing convergence of institutional and retail interest, suggesting that market participants see real potential in LTC.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Litecoin (LTC) Nears $105 Breakout as Bulls Eye 30% Rally
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