Litecoin Bucks Bearish Trend—$87.50 Support Holds Firm Against Market Carnage

While half the crypto market flirts with liquidation, Litecoin’s digging in like a Wall Street banker at an open bar. The $87.50 support level isn’t just holding—it’s mocking the bears.

No fancy footwork here. Just old-school price action defying gravity while ’institutional-grade’ altcoins crumble. The digital silver play keeps its shine even as Bitcoin ETFs suck up all the oxygen.

Let’s see how long the resilience lasts before the next ’macroeconomic headwind’ excuse kicks in. Spoiler: Traders will still blame the Fed.

Technical Analysis Highlights

• At 07:00 , Litecoin surged to a 24-hour high of $89.76—a 3% jump from its session low—before facing strong resistance near the $89 mark. Volume spiked during that move, peaking at 273,699 in a signal that investors were watching this level closely.
• The price later dipped below support at $87.60, dropping to $87.53 on a sharp 1% hourly decline, but quickly rebounded. This recovery, which saw a potential double bottom formation, was accompanied by a burst in volume, hinting at buying interest.
• Even amid the price volatility, Litecoin has preserved its upward channel—a sign the bullish trend remains intact.
• For traders, this means the market is still betting on higher prices, despite headwinds from inflation fears and shifting economic policy.