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LTC Shows Resilience Amid Broad Crypto Market Pullback

LTC Shows Resilience Amid Broad Crypto Market Pullback

Author:
LTC News
Published:
2025-06-19 14:29:13
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[TRADE_PLUGIN]LTCUSDT,LTCUSDT[/TRADE_PLUGIN]

The CoinDesk 20 Index experienced a 1.4% decline to 2,988.69, with all constituent assets trading lower in a broad market retreat. Bitcoin (BTC) demonstrated relative resilience with a modest 0.2% drop, while Litecoin (LTC) saw a slight 0.4% decrease. The worst performers included SUI (-4.4%) and AAVE (-3.9%), underscoring the heightened weakness in altcoins. This downward trend reflects a risk-off sentiment prevailing across global crypto markets, with no assets in the index managing to escape the pullback. Despite the overall market dip, LTC's minimal decline highlights its stability compared to other altcoins, positioning it as a relatively safer bet in the current volatile environment.

CoinDesk 20 Index Dips 1.4% as Crypto Markets Retreat

The CoinDesk 20 Index fell 1.4% to 2,988.69, with all constituent assets trading lower in a broad market pullback. Bitcoin (BTC) showed relative resilience, declining just 0.2%, while Litecoin (LTC) slipped 0.4%. The worst performers included SUI (-4.4%) and AAVE (-3.9%), highlighting particular weakness in altcoins.

This downward movement reflects a risk-off sentiment across global crypto markets, with no assets in the index managing gains during the session. The CoinDesk 20, which tracks liquid digital assets traded across multiple platforms worldwide, serves as a barometer for institutional crypto market health.

Litecoin Defies Market Jitters as ETF Speculation Grows

Litecoin outperformed a shaky cryptocurrency market Tuesday, gaining 1.6% to trade above $84.6 despite geopolitical tensions roiling global assets. The coin found support near $83.50 after early declines, with traders citing growing optimism about potential SEC approval of a spot Litecoin ETF.

Market participants now assign a 76% probability to regulatory approval this year, according to Polymarket data. The resilience comes as traditional risk assets struggle with heightened Middle East tensions, where betting markets price a 62% chance of U.S. military intervention.

Technical indicators show Litecoin establishing higher lows within an ascending channel, with immediate resistance clustered around $85.60. The CoinDesk 20 index fell 0.5% during the same period, underscoring LTC's atypical strength amid broad crypto market weakness.

Litecoin Technical Analysis Reveals Strong Momentum Toward $91 Breakout

Litecoin has gained 2.29% in the past 24 hours, trading at $85.79 with a daily volume of $334.77 million. Despite a 3.54% weekly decline, technical indicators suggest a potential upward breakout from its current consolidation range between $82 support and $90 resistance.

Market sentiment shows signs of improvement as buyers defend the $82 level while sellers maintain pressure NEAR the $88-$90 zone. Trading volumes remain steady, indicating persistent participation despite underlying uncertainty.

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