The price of Litecoin is nearing a key resistance level and various factors suggest that it could surge by more than 75% this year. One significant catalyst is the increasing likelihood of the Securities and Exchange Commission approving a spot Litecoin exchange-traded fund, with strong market confidence indicated by a probability of 85%. Litecoin's price has also been boosted by rising demand in the futures market, with open interest in Litecoin futures reaching $870 million. Technical indicators such as the formation of a triple-bottom pattern and the breaking of key resistance levels further support the bullish outlook, with a target price of $225 representing a 75% upside potential. However, the bullish scenario would be invalidated if Litecoin's price drops below the support level at $80.



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