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LTC Shows Resilience Amid Broad Crypto Rally as Solana Leads Gains

LTC Shows Resilience Amid Broad Crypto Rally as Solana Leads Gains

Author:
LTC News
Published:
2025-06-04 09:48:55
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[TRADE_PLUGIN]LTCUSDT,LTCUSDT[/TRADE_PLUGIN]

The CoinDesk 20 Index surged 2.5% to 3,122.04, with Solana (SOL) and NEAR Protocol (NEAR) leading the charge at 5.6% and 4.9% gains respectively. Bitcoin (BTC) saw a modest 1% rise, while Litecoin (LTC) demonstrated steady growth with a 0.6% increase. This broad-based rally signals renewed investor confidence in digital assets, with LTC maintaining its upward trajectory despite the spotlight on altcoins.

Solana Leads CoinDesk 20 Rally as Index Posts 2.5% Gain

The CoinDesk 20 Index climbed to 3,122.04, marking a 2.5% increase since Monday's close. All constituents advanced, with solana (SOL) surging 5.6% and NEAR Protocol (NEAR) gaining 4.9% to lead the rally.

Bitcoin (BTC) underperformed with a modest 1% rise, while Litecoin (LTC) eked out a 0.6% gain. The broad-based index, traded across multiple global platforms, reflects renewed risk appetite in digital assets.

Litecoin Breaks $90 Barrier Amid Geopolitical and Macroeconomic Shifts

Litecoin (LTC) surged past the $90 resistance level, gaining 2.1% in the last 24 hours as traders monitored for sustained momentum. The MOVE unfolded against a backdrop of rising geopolitical tensions and shifting macroeconomic expectations.

Early trading saw LTC briefly breach the psychologically significant $90 threshold before retracing slightly. The asset maintains a bullish trend, supported by a pattern of higher lows and strong technical footing. A key support zone emerged NEAR $87.90, with notable volume spikes during critical trading windows.

Market sentiment found additional fuel from external factors. President Trump's new tariff announcements rattled traditional markets, while Eurozone inflation dipping below ECB targets spurred speculation about impending rate cuts—a potential tailwind for risk assets.

Technical indicators suggest consolidation near $89.32, with traders eyeing whether support levels hold. A successful defense could pave the way for renewed attempts to establish a foothold above $90 in coming sessions.

Emerging Cryptocurrencies Challenge Established Players for Top 10 Status

Shiba Inu (SHIB), Litecoin (LTC), and Pepe (PEPE) remain dominant in market capitalization rankings, but their growth potential appears constrained. Investors are increasingly turning to newer, innovative projects like Remittix (RTX), which has raised over $15 million in its presale, signaling strong institutional interest.

Litecoin's price action suggests a bearish trend, with resistance near $96 and on-chain data indicating profit-taking. The reactivation of dormant wallets points to distribution rather than accumulation, reinforcing the downward pressure.

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