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.