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.