Litecoin
Angled higher, climbing 2.1% in the last 24 hours and breaking through the $ 90 resistance level. The move came when the global markets struggled with rising geopolitical friction and a changing macroeconomic view.
LTC briefly pierced the psychologically significant $ 90 threshold in the early trading times. While prices withdrew a little, the overall trend remains bullish, bent by a pattern of higher low low.
The wider context added to Rally’s momentum. President Trump’s latest round of customs rates rattled the wider market and added fresh uncertainty to the near future.
At the same time, inflation in the euro zone fell under the goal of the European Central Bank, which led to growing efforts on a new rate cut in the near future. It could trigger renewed appetite for risk assets.
Overview of Technical Analysis
- From a technical perspective, Litecoin has shown a solid basis, according to Coindesk Research’s technical analysis data model.
- A strong support zone formed about $ 87.90 with volume tips under key trading windows. Dealers noticed a double top pattern near $ 89.60 and a sale that briefly pushed prices to $ 89.20 before buyers regained control.
- The session closed with price consolidation near $ 89.32, a sign that the market still digests the recent movements.
- If support levels hold, Litecoin could see renewed attempts to challenge and maintain levels over $ 90 in the coming days.
