Key takeaways

• LTC is up 1% in the last 24 hours and now trades at $85 per coin.
• The coin could rally above $95 amid growing retail demand.

Litecoin reclaims $85 as demand increases

Litecoin (LTC) has added 1% to its value and is currently trading above $85 per coin. The positive performance comes amid increased demand for cryptocurrencies with listed Exchange Traded Funds (ETFs). The momentum comes after the Vanguard Group decided to allow crypto market exposure through third-party ETFs.

Vanguard’s decision extends exposure to the Canary Litecoin ETF (LTCC), increasing the possible demand for the fund.

However, data obtained from SoSoValue revealed that the Litecoin ETF saw a net-zero flow on Monday and Tuesday, keeping the cumulative net inflow at $7.67 million. 

Furthermore, the Litecoin derivatives market saw a surge in demand, as the futures Open Interest (OI) surged by 4.41% over the last 24 hours to $440.26 million. This surge suggests that investors are confident that Litecoin’s price could rally higher in the near term.

Finally, data obtained from CryptoQuant shows an increase in the average order size from whales. This reflects greater confidence and could further boost demand.

Litecoin could reclaim $95 as indicators flash bullish

The LTC/USD 4-hour chart is bearish and inefficient as Litecoin has underperformed in recent weeks. The coin has recovered from the low of $74 created on Monday and could rally higher in the near term.

At press time, LTC is trading at $85.2 per coin. The technical indicators have switched bullish on the 4-hour timeframe. The RSI of 53 shows that the bulls have regained control, and LTC is no longer in the bearish region. The MACD line has also switched bullish since Tuesday, indicating a bullish bias.

If the recovery continues, Litecoin could surge to the 0-day Exponential Moving Average (EMA) at $92.94. An extended rally would allow it to hit the 200-day EMA at $99.51. However, if Litecoin loses momentum, it could retest the November 4 and December 1 lows at $79.68 and $74.66, respectively.

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Canary Capital CEO Steven McClurg has thrown fuel on the long-running debate over privacy coins, branding Zcash’s latest rally a “pump and dump” which has been rug-pulled while promoting Litecoin as his preferred privacy asset for regulated markets.

Litecoin Better Than Zcash?

In a series of posts on X, McClurg said the Zcash surge that began roughly two months ago “triggered my curiosity.” After revisiting the project for the first time since 2016–2017, he wrote that he initially “bought into the Zcash narrative” but ultimately reached two conclusions.

“Litecoin has broader reach in terms of users, and MWEB an easier tool for selecting private wallets/transactions. It is my choice for privacy in US or UK due to compliance,” he argued. By contrast, “ZEC is a pump and dump getting ready to rug-pull. Be careful out there,” he posted last week via X.

Via X, McClurg followed up by highlighting Zcash’s sharp reversal on Monday. “Zcash [is] down 50% since this post. I hope people saw the post survived the rug pull. There is still further down to go,” he wrote, attributing the move to “a stunt by bad actors.” He did not name specific counterparties, venues or structures, and his language focused on market behavior rather than protocol design.

Despite the harsh assessment of recent trading, McClurg stressed that his criticism is not a rejection of Zcash as a technology. “Btw, I have nothing against ZEC, as it was the first currency with private/public option,” he said. In the same thread he described himself as “longterm bullish on Litecoin, Monero, Dash, and Zcash in that order,” explicitly placing ZEC last in his personal privacy stack but still on the list.

The distinction he draws hinges on how privacy is implemented and how that interacts with compliance. Litecoin’s MimbleWimble Extension Block (MWEB) design adds an optional confidential layer alongside the transparent base chain, allowing users to move coins into a separate privacy domain while leaving total supply auditable. That structure, plus Litecoin’s broader distribution and exchange support, underpins McClurg’s claim that LTC is “my choice for privacy in the US or UK.”

Pressed on Monero’s role, McClurg said he has not researched it “in several years” but that, based on earlier work, he “always felt that it would be the winning currency for people in authoritarian regimes. Pure privacy.” At the same time, he added that Monero is “unfortunately likely not compliant for US citizens (not that it shouldn’t be),” capturing the tension between default privacy and current regulatory expectations.

Zcash, with its dual transparent and shielded address system, historically sat between those two poles. McClurg’s comments suggest that, in his view, the recent ZEC rally and crash reflect structural weaknesses in how the market around the asset is behaving, even if the underlying cryptography remains important.

He closed by warning that he hopes “this stunt by bad actors didn’t damage the importance of privacy chains and privacy features,” underscoring that his target is speculative excess rather than the broader push for on-chain financial privacy.

At press time, ZEC traded at $324.

Key takeaways

• LTC is down 1.7% in the last 24 hours and is trading above $93 per coin.
• The bearish performance comes amid weakening demand.

LTC stays below $100

The cryptocurrency market has underperformed earlier this week, but the selling pressure has subsided in the past few hours. Litecoin is currently down by 1% in the last 24 hours and is currently trading above $93, down from the $95 weekly high it reached a few hours ago.

Despite the recent price action, the fundamentals for Litecoin remain neutral. The total supply of LTC coins in profit dropped to 57%, creating a heavy selling activity, with investors posting a combination of loss realization and profit-taking in the past few days.

According to the data obtained from Santiment, the distribution comes mainly from investors who purchased the cryptocurrencies over the last two months. 

This weakness is also significant across US spot Litecoin exchange-traded funds (ETFs) as they have failed to attract demand. 

Data obtained from SoSoValue shows that since the launch of the Litecoin ETFs in October, they have attracted a cumulative net inflow of $7.26 million, according to SoSoValue data. The only spot Litecoin ETF available in the US is Canary’s LTCC.

On the derivatives market, Litecoin’s funding rates flashed negative twice over the last two days. This indicates short traders are gaining momentum in the Litecoin market. Litecoin’s Open Interest (OI) has recovered slightly to 5.57 million LTC but remains far from pre-October 10 leverage-flush levels of 8.80 million LTC.

LTC could retest the $90 support level

The LTC/USD daily chart remains bearish and inefficient as the coin has lost 8% of its value in the last seven days. Litecoin dipped to the $90.2 support level on Tuesday but quickly rallied to the $95.4 resistance area. It failed to overcome the $95 resistance area and is now trading above $93.66. 

The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) are below their neutral levels, indicating that the bears are currently in control of the market. 

If the bullish recovery continues, LTC could rally above the $116 efficiency level over the next few hours. However, LTC could drop to the $80 support level if the bulls fail to defend the $90.2 region.

The post Litecoin Price Forecast: Weak demand could push LTC below $90 appeared first on CoinJournal.