Litecoin (LTC) is showing signs of potential strength as the cryptocurrency consolidates near $87, holding just below key resistance levels. With technical indicators suggesting a possible shift in momentum, traders are watching closely to see if LTC can break above $89 in the coming sessions. Such a move could open the door to further gains, particularly toward the $92–$96 range.

As of June 16, 2025, LTC is trading at approximately $86.64. Although the asset remains below its long-term moving averages, short-term charts reveal encouraging developments that could set the stage for a trend reversal.

Litecoin Price Outlook: Signs of Strength After Bouncing from Support

The daily chart shows Litecoin recently rebounded from a strong support level at $80, forming a base that now underpins the current price action. The coin is trading just under a resistance band between $87 and $89, a zone that aligns with the 20-day and 50-day simple moving averages (SMA).

Above this, further resistance is expected around the 100-day SMA at $88.33 and the 200-day SMA at $101.69. These moving averages are important as they reflect longer-term market sentiment and serve as key pivot points for bullish or bearish continuation.

From a candlestick perspective, recent Heikin Ashi formations have started to transition from large bearish candles to smaller-bodied ones, hinting at weakening selling pressure. A strong daily close above $89 would be a technical confirmation of potential bullish momentum.

Hourly Chart Suggests Breakout Could Be Near

Zooming in to the 1-hour chart, Litecoin appears to be stabilizing in a tight band between $86 and $87.50. This short-term consolidation is occurring just below the 200-SMA, which currently stands at $87.97.

Shorter-term moving averages — the 20, 50, and 100 SMAs — have flattened out and show signs of aligning for a bullish crossover. If LTC breaks above the 200-SMA with solid volume and confirms the move with a retest, it could signal the beginning of a rally toward the $92 resistance zone.

Beyond $92, the next technical target would be around $96, aligning with key Fibonacci extension levels.

Fibonacci Levels Support a Gradual Climb

A Fibonacci retracement drawn from the previous local high near $112 to the recent low at $72 provides additional insight. The key levels to monitor are:

• 0.382 Fib retracement: ~$88.50 (current resistance zone)

• 0.5 Fib retracement: ~$92.00

• 0.618 Fib retracement: ~$96.00

A break and hold above $88.50 would be significant, likely confirming bullish strength and paving the way toward $92 and $96 targets in the medium term. Based on Fibonacci projections, a move from $88.50 to $96 represents a potential gain of roughly 8.47%.

Downside Risk Remains if Resistance Holds

Despite the signs of bullish pressure, traders should be cautious if LTC fails to breach the $89 resistance zone. In that case, sellers could regain momentum, potentially dragging the price back toward the $80 support area. A daily close below $80 would weaken the current setup and could extend the correction to $72 or even $65 — areas marked by prior price congestion and lower Fibonacci retracements.

Additionally, the fact that Litecoin remains well below its 200-day SMA around $101 suggests that the broader trend remains bearish until proven otherwise.

Overall Sentiment: Cautiously Optimistic

In the short term, Litecoin’s technical outlook leans toward neutral-to-bullish. The hourly chart hints at growing momentum, while the daily chart shows potential for a breakout if resistance at $88.50–$89 is cleared. If this occurs, Litecoin could approach $92 and then $96, provided broader market conditions remain supportive.

On the flip side, failure to overcome resistance could trigger a decline back toward the $80 level. This would reintroduce selling pressure and potentially delay any recovery momentum.

Conclusion: Watch $89 Resistance and Daily Volume Closely

Litecoin is at a technical crossroads, hovering just below a critical resistance area that could define its direction in the coming days. A breakout above $89 with accompanying volume could confirm a short-term bullish reversal and open the path to $96 or even higher.

However, continued failure to push past this level might lead to a retest of lower supports. Traders and investors should monitor daily closing prices, volume trends, and broader crypto market movements — particularly Bitcoin’s performance — to gain additional context for Litecoin’s next move.

The next 48 hours will likely be pivotal in determining whether Litecoin transitions into a sustained uptrend or remains confined to its current consolidation range.