Litecoin (LTC) has been trading within a narrow range of $85 to $87, as the market experiences a back-and-forth between buyers and sellers. Despite recent downward pressures, technical analysis points to a potential 'golden cross' pattern forming, suggesting a possible multi-week rally ahead if momentum builds. Bloomberg analysts predict a 95% likelihood for the approval of spot exchange-traded funds (ETFs) for Litecoin by the end of the year, which could expand mainstream demand. In the past 24 hours, Litecoin's price fluctuated by 2.46%, and buyers have managed to defend key support levels, indicating some optimism. Although the broader market exhibits a bearish tone, short-term indicators suggest that LTC might be gearing up for an upward movement, particularly if it can clear the resistance near $87. Approval of ETF would mark a significant step, making Litecoin more accessible to everyday investors.

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