Litecoin
clinging to key technical support around $ 89 as a mixture of basic and macro -developments shapes its short -term views, according to Coindesk Research’s technical analysis data model.
Cryptocurrency is traded in a tight interval over the past 24 hours and tested low close to $ 88.92 before recovering. Despite forming a bearish head-and-shoulder pattern, volume support for $ 89 suggests that buyers step in.
This stability comes in the midst of wider uncertainty in the market. The CD20 index for larger cryptocurrencies fell about 1% in the same period, reflecting reduced risk appetite as geopolitical tensions and a weakened US dollar shift capital against hard assets like gold.
Litecoin still sees new tech upgrades and increasing interest.
Lunar digital assets recently launched litvm, a zero-knowledge Layer-2 network for Litecoin. The system is built on Bitcoinos and Polygon’s CDK and introduces EVM-compatible smart contracts and allows transverse chain swaps with Bitcoin
And Cardano.
These features aim to increase the role of Litecoin in decentralized funding while addressing long-term security risks around blockchain bridges.
Litecoin also continues to watch growing retail access. IG Group added LTC among various other tokens when it launched crypto trade in the UK. It is affected, given the Cryptocurrency’s scale will probably be limited if any.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
