Litecoin (LTC) has experienced a 10% surge in price in the last 24 hours due to the review of the Canary Spot Litecoin exchange-traded fund (ETF) application by the US Securities and Exchange Commission (SEC). Whales, or large holders of LTC, have been selling off their holdings, causing some uncertainty and potential short-term volatility. However, retail investors remain optimistic. Despite the selling pressure, technical indicators suggest favorable momentum for LTC, including the Chaikin Money Flow (CMF) climbing above the zero line, indicating increased buying pressure. If LTC can break the resistance level at $133, it may see sustained gains and potentially reach higher price targets. Currently, LTC is trading at $128 and consolidation below $133 is expected as long as whale selling continues. A decisive move above $133 could lead to a broader breakout and a stronger recovery for LTC.



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