Litecoin Climbs 2.1% and Surpasses $90 Resistance Level
Litecoin (LTC) Update
- LTC rose 2.1% in 24 hours, surpassing $90 resistance.
- The price briefly hit $90 but retreated slightly; overall trend remains bullish with higher lows.
- Global markets face rising geopolitical tensions and macroeconomic changes.
- Recent tariffs introduced by President Trump added uncertainty to the market.
- Eurozone inflation fell below ECB targets, increasing expectations for a rate cut.
Technical Analysis Overview
- LTC shows solid technical positioning per CoinDesk Research.
- Support around $87.90, with volume spikes at key trading times noted.
- A double top pattern was identified near $89.60, with a temporary selloff to $89.20 before recovery.
- Session closed at $89.32, indicating market consolidation.
- If support holds, LTC may make further attempts to stay above $90 soon.