Litecoin (LTC) price gains have been resisted in recent week, and despite rising from $56 to $74, it has since fallen. Fidelity Digital Assets announced that it will increase support for LTC, which may enhance LTC's market position and attract institutional investors. Analysis shows that if LTC holds the $70 support level, its price is expected to approach or even exceed $100 in the coming weeks.

Main points

- Litecoin prices rose from $56 to $74, but then fell.

- Litecoin futures open interest fell 2.5%, indicating that market bullish confidence has weakened.

- Litecoin prices rose slightly to $70 on Monday, but trading volume and market value both fell.

- Fidelity Digital Assets announced support for Litecoin, increasing its appeal as an institutional investment asset.

- Litecoin becomes the third cryptocurrency supported by Fidelity after Bitcoin and Ethereum.

- This support may promote the approval of Litecoin spot ETFs in the US market.

- Analysts believe that Litecoin prices are expected to rise to $80 after holding the $70 support level and eventually reach $100.