Litecoin
Higher based, rising 2.1% in the last 24 hours and breaking the resistance level of $ 90. The measure occurred when global markets dealt with the increase in geopolitical friction and a changing macroeconomic perspective.
LTC briefly pierced the psychologically significant threshold of $ 90 during the first negotiation hours. While prices retired slightly, the general trend is still optimistic, driven by a higher minimum pattern.
The broader context was added to the impulse of the rally. President Trump’s last rates shook the market in general, adding a new uncertainty to the near future.
At the same time, inflation in the Eurozone fell below the objective of the European Central Bank, which led to growing bets in a new tariff cut in the near future. That could cause renewed appetite by risk assets.
General description of the technical analysis
- From a technical perspective, Litecoin has shown a solid base, according to the technical analysis data model of Coindesk Research.
- A solid support zone formed around $ 87.90, with volume peaks during key negotiation windows. The merchants noticed a double pattern about $ 89.60 and a sale of a sale that briefly raised prices at $ 89.20 before buyers regained control.
- The session closed with price consolidation about $ 89.32, a sign that the market is still digesting recent movements.
- If the support levels are maintained, Litecoin could see the renewed attempts to challenge and maintain levels greater than $ 90 in the next few days.
