Crypto
Litecoin ETF Sees $5.8M Inflows Amid Market Volatility
Litecoin saw significant inflows into its ETF, the Canary $LTCC, in September. The fund attracted $5.8 million in net inflows, bringing its total assets to $14.2 million and cumulative inflows to over $15.8 million.
The price of Litecoin currently holds above the EMA50 support at $67.32, while the EMA200 anchor remains at $59.3. This suggests a bullish structure in place, but technical indicators warn of near-term pressure.
The MACD death cross at -0.54 indicates potential short-term weakness, and the RSI at 48.75 stays neutral within the Bollinger bands. This could lead to a test of the lower band before any push toward resistance at $69.68.