Litecoin Smashes Through $90 – Can the Rally Hold?
Litecoin bulls are charging as LTC punches past the $90 resistance level. Traders now face the real test: whether this is another dead-cat bounce or the start of a sustained uptrend.
Silver to Bitcoin’s gold just got shinier—but Wall Street ’experts’ still won’t admit they missed the boat.
Technical Analysis Overview
- From a technical perspective, Litecoin has shown solid footing, according to CoinDesk Research’s technical analysis data model.
- A strong support zone formed around $87.90, with volume spikes during key trading windows. Traders noted a double top pattern near $89.60 and a selloff that briefly pushed prices to $89.20 before buyers regained control.
- The session closed with price consolidation near $89.32, a sign the market is still digesting recent moves.
- If support levels hold, Litecoin could see renewed attempts to challenge and maintain levels above $90 in the coming days.