Currencies32895
Market Cap$ 2.85T+0.93%
24h Spot Volume$ 51.75B-4.10%
DominanceBTC58.92%+0.17%ETH7.75%-0.44%
ETH Gas0.53 Gwei
Cryptorank
MainNewsFidelity’s N...

Fidelity’s New Crypto IRA Could Be Huge for Litecoin – Here’s Why 


Apr, 03, 2025
3 min read
by Harvey Hunter
for Cryptonews
Fidelity’s New Crypto IRA Could Be Huge for Litecoin – Here’s Why 

Litecoin stands to benefit from increased retail demand with its inclusion in Fidelity’s new crypto IRA, giving the altcoin standing in the “best crypto to buy” conversation.

The market has taken to the Wednesday news, pushing the altcoin to a $88 peak, though gains have since cooled to just 1.84% today—a potential “sell-the-news” event.

Retail liquidity remains thin under heavy market FUD, but an expansion into different investment markets could levee the burden as “Liberation Day” tariffs roll in.

The March-long sell-off fueled by recent economic uncertainty—recession fears bolstered by Trump’s “tariff war” escalations—knocked Litecoin down 35%.

Why Fidelity’s Crypto IRA Could Be Huge

The IRA plan comes amid growing demand for tax-advantaged crypto investment options.

A Bitwise/VettaFi 2025 benchmark survey found that 56% of financial advisors were more likely to invest in crypto-based products post-election.

Fidelity already offers a suite of crypto exchange-traded funds (ETFs), allowing investors to track digital asset prices without direct exposure.

Its Bitcoin ETF and Ethereum ETF have been highly successful, amassing $16.66 billion and $975 million, respectively.

While a crypto IRA may not have the same institutional appeal, it offers a similar value proposition—giving investors access to crypto without the complexities of direct ownership.

Notably, Litecoin is also in the running for a potential ETF with crypto fund manager Canary Capital.

Litecoin Price Analysis: Can the IRA Stop the Decline

Increased market demand for Litecoin is unlikely to offset broader bearish market sentiment, especially as technical indicators point toward a potential decline to past lows.

LTC / USDT 1-week chart, channel breakdown. Source: Binance.
LTC / USDT 1-week chart, channel breakdown. Source: Binance.

Litecoin has invalidated a massive symmetrical triangle pattern forming since 2022, following a four-month-long false breakout.

The consolidation channel it had traded in since December has given way to a decline, slipping back below the triangle’s upper boundary.

The channel breakdown projects lows around $60, marking a 26% decline from current prices.

This scenario seems credible, with the MACD line maintaining its downtrend below the signal line—an indication of waning buying pressure.

The Relative Strength Index (RSI) follows suit, trending deeper into the bearish territory after losing its position above the neutral line, currently at 43.

However, once materialized, this bottom stands as a potential launchpad, aligning with a historic support zone that has marked Litcoin bottoms since 2018.

Litecoin Might Not See the Best of Fidelity’s IRA

Those who jumped to Litecoin as an alternative to Bitcoin (BTC) may be forced to reconsider as Bitcoin Bull (BTCBULL) offers a new way to capitalize on the leading cryptocurrency’s tailwinds.

While Bitcoin provides stable gains, it often sacrifices upside potential. But that dynamic could shift with Bitcoin Bull and its inclusion in Fidelity’s IRA.

True to its name, Bitcoin Bull ties its tokenomics to Bitcoin’s price growth in a deflationary model.

The project burns tokens and distributes BTC airdrops whenever Bitcoin reaches key milestones—starting at $125,000 and triggering new rewards for every $25,000 climb thereafter.

Bitcoin Bull (BTCBULL) presale website.

With some analysts forecasting BTC highs of $1 million by 2030, BTCBULL could become a Bitcoin Maxi’s best friend.

With over $4.4 million raised in its initial eight weeks, the project is already gaining strong momentum—potentially credited to its 95% APY on staking that rewards early investors.

You can keep up with Bitcoin Bull on X and Telegram, or join the presale on the Bitcoin Bull website.

The post Fidelity’s New Crypto IRA Could Be Huge for Litecoin – Here’s Why  appeared first on Cryptonews.

Read the article at Cryptonews

Read More

What’s Fueling SHIB’s 5% Rally? Metrics Say This Is Just the Beginning 

What’s Fueling SHIB’s 5% Rally? Metrics Say This Is Just the Beginning 

While Shiba Inu (SHIB) falters today, metrics and recent price action suggest underly...
Apr, 02, 2025
3 min read
by Cryptonews
Will PEPE Explode Past Resistance? Why Traders Are Eyeing a Double-Digit Breakout 

Will PEPE Explode Past Resistance? Why Traders Are Eyeing a Double-Digit Breakout 

Pepe (PEPE) finds itself at a critical juncture, nearing the 4-month resistance that ...
Apr, 02, 2025
2 min read
by Cryptonews
MainNewsFidelity’s N...

Fidelity’s New Crypto IRA Could Be Huge for Litecoin – Here’s Why 


Apr, 03, 2025
3 min read
by Harvey Hunter
for Cryptonews
Fidelity’s New Crypto IRA Could Be Huge for Litecoin – Here’s Why 

Litecoin stands to benefit from increased retail demand with its inclusion in Fidelity’s new crypto IRA, giving the altcoin standing in the “best crypto to buy” conversation.

The market has taken to the Wednesday news, pushing the altcoin to a $88 peak, though gains have since cooled to just 1.84% today—a potential “sell-the-news” event.

Retail liquidity remains thin under heavy market FUD, but an expansion into different investment markets could levee the burden as “Liberation Day” tariffs roll in.

The March-long sell-off fueled by recent economic uncertainty—recession fears bolstered by Trump’s “tariff war” escalations—knocked Litecoin down 35%.

Why Fidelity’s Crypto IRA Could Be Huge

The IRA plan comes amid growing demand for tax-advantaged crypto investment options.

A Bitwise/VettaFi 2025 benchmark survey found that 56% of financial advisors were more likely to invest in crypto-based products post-election.

Fidelity already offers a suite of crypto exchange-traded funds (ETFs), allowing investors to track digital asset prices without direct exposure.

Its Bitcoin ETF and Ethereum ETF have been highly successful, amassing $16.66 billion and $975 million, respectively.

While a crypto IRA may not have the same institutional appeal, it offers a similar value proposition—giving investors access to crypto without the complexities of direct ownership.

Notably, Litecoin is also in the running for a potential ETF with crypto fund manager Canary Capital.

Litecoin Price Analysis: Can the IRA Stop the Decline

Increased market demand for Litecoin is unlikely to offset broader bearish market sentiment, especially as technical indicators point toward a potential decline to past lows.

LTC / USDT 1-week chart, channel breakdown. Source: Binance.
LTC / USDT 1-week chart, channel breakdown. Source: Binance.

Litecoin has invalidated a massive symmetrical triangle pattern forming since 2022, following a four-month-long false breakout.

The consolidation channel it had traded in since December has given way to a decline, slipping back below the triangle’s upper boundary.

The channel breakdown projects lows around $60, marking a 26% decline from current prices.

This scenario seems credible, with the MACD line maintaining its downtrend below the signal line—an indication of waning buying pressure.

The Relative Strength Index (RSI) follows suit, trending deeper into the bearish territory after losing its position above the neutral line, currently at 43.

However, once materialized, this bottom stands as a potential launchpad, aligning with a historic support zone that has marked Litcoin bottoms since 2018.

Litecoin Might Not See the Best of Fidelity’s IRA

Those who jumped to Litecoin as an alternative to Bitcoin (BTC) may be forced to reconsider as Bitcoin Bull (BTCBULL) offers a new way to capitalize on the leading cryptocurrency’s tailwinds.

While Bitcoin provides stable gains, it often sacrifices upside potential. But that dynamic could shift with Bitcoin Bull and its inclusion in Fidelity’s IRA.

True to its name, Bitcoin Bull ties its tokenomics to Bitcoin’s price growth in a deflationary model.

The project burns tokens and distributes BTC airdrops whenever Bitcoin reaches key milestones—starting at $125,000 and triggering new rewards for every $25,000 climb thereafter.

Bitcoin Bull (BTCBULL) presale website.

With some analysts forecasting BTC highs of $1 million by 2030, BTCBULL could become a Bitcoin Maxi’s best friend.

With over $4.4 million raised in its initial eight weeks, the project is already gaining strong momentum—potentially credited to its 95% APY on staking that rewards early investors.

You can keep up with Bitcoin Bull on X and Telegram, or join the presale on the Bitcoin Bull website.

The post Fidelity’s New Crypto IRA Could Be Huge for Litecoin – Here’s Why  appeared first on Cryptonews.

Read the article at Cryptonews

Read More

What’s Fueling SHIB’s 5% Rally? Metrics Say This Is Just the Beginning 

What’s Fueling SHIB’s 5% Rally? Metrics Say This Is Just the Beginning 

While Shiba Inu (SHIB) falters today, metrics and recent price action suggest underly...
Apr, 02, 2025
3 min read
by Cryptonews
Will PEPE Explode Past Resistance? Why Traders Are Eyeing a Double-Digit Breakout 

Will PEPE Explode Past Resistance? Why Traders Are Eyeing a Double-Digit Breakout 

Pepe (PEPE) finds itself at a critical juncture, nearing the 4-month resistance that ...
Apr, 02, 2025
2 min read
by Cryptonews