Litecoin Maintains $87.50 Support Amid Market Uncertainty
Litecoin (LTC) displays resilience amidst a volatile global economy, maintaining a critical price floor at $87.50, as noted by CoinDesk Research.
Technical Analysis Highlights
- At 07:00, Litecoin reached a 24-hour high of $89.76, marking a 3% increase from its session low, with trading volume peaking at 273,699.
- The price briefly fell below support at $87.60 to $87.53, experiencing a 1% hourly decline, but rebounded quickly, suggesting buying interest.
- LTC has maintained its upward channel, indicating the bullish trend remains intact.
- Market sentiment continues to favor higher prices despite concerns over inflation and changing economic policies.