Litecoin
It clings to a key technical support around $ 89 as a combination of fundamental and macro developments that shapes its short -term perspective, according to the technical analysis data model of Coindesk Research.
The cryptocurrency was negotiated in a narrow range in the last 24 hours, testing minimums about $ 88.92 before recovering. Despite forming a bear and shoulder bearish pattern, the volume support for $ 89 suggests that buyers are intervening.
This stability is produced in the midst of a broader uncertainty in the market. The CD20 index of the main cryptocurrencies fell around 1% during the same period, which reflects the reduced risk appetite as geopolitical tensions and a weakening of US dollar change capital towards hard assets such as gold.
Even so, Litecoin is seeing new technological updates and growing interest.
Lunar digital assets recently launched Litvm, a zero -knowledge layer 2 network for Litecoin. Built in Polygon Bitcoinos and CDK, the system presents intelligent contracts compatible with EVM and allows cross -chain swaps with bitcoins
and Cardano.
These characteristics are aimed at promoting Litecoin’s role in decentralized finances while addressing the long -standing safety risks around Blockchain bridges.
Litecoin also continues to see the growing retail access. IG Group added LTC among several other tokens when Crypto Trading launched in the United Kingdom. It is an impact, given the cryptocurrency scale, it is likely to be limited if there is.
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