Litecoin (LTC) continues to trade above $118 despite a delay in the decision on a spot ETF application. On October 6, 2025, LTC was trading near $120.54, buoyed by strong EMA alignment, increased open interest, and consistent exchange outflows. These factors indicate sustained bullish momentum for the cryptocurrency. Polymarket data suggests a 94% probability of ETF approval, although the delay has removed a key bullish catalyst. Litecoin's price action, ranging between $118 and $124.83, suggests consolidation with potential for a breakout. Open interest has reached $972.23 million, reflecting heightened trader engagement, while on-chain outflows point to accumulation by long-term holders.