Litecoin futures clocked a slight dip of 0

Litecoin futures clocked a slight dip of 0.9% in early session before recovering, driven by thin liquidity pockets. Market technicians eye the $70 support closely; a breakdown could invite a wave of sell orders from trend-following funds. "At every cyclical peak, more than 90 percent of coins moved were transacted in profit, a clear signal of widespread distribution," the analysts wrote. Data suggests that the Litecoin ETF has a more than 90% chance of being approved by the U.S. Securities and Exchange Commission (SEC). Such a development would increase the exposure of LTC to institutional demand and possibly impact price outlook. Litecoin futures are hovering with low volatility, but the 50-day moving average crossing upward over the 100-day could trigger algorithm-driven buying. Analysts expect a possible retest of the $80 level if Bitcoin futures stay above $43,