The daily chart of Litecoin (LTC) price indicates a potential bullish reversal with a double-bottom pattern forming around the $95.09 support level. The price has climbed above $110.17, confirming short-term resistance turned into support. Traders are preparing for a breakout, with the $129.22 resistance level as the next target. Breaking above this resistance could lead to strong upward momentum towards the $130-$150 range. Additionally, Litecoin has reached a milestone of 300 million transactions, showing the network's growth over time. Despite fluctuations, the trendline demonstrates a positive trajectory, highlighting long-term resilience. Predictions suggest continued growth in transactions for 2024. There is increasing market confidence in the approval of a Litecoin ETF, with the probability fluctuating but showing an overall trend of cautious optimism. However, regulatory outcomes will ultimately determine the ETF's future. Overall, these updates and potential developments suggest positive prospects for Litecoin's price.



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