Altcoins News
By MikeT
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Litecoin (LTC) is showing signs of potential strength as the cryptocurrency consolidates near $87, holding just below key resistance levels.
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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…
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The daily chart shows Litecoin recently rebounded from a strong support level at $80, forming a base that now underpins the current price action.
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Above this, further resistance is expected around the 100-day SMA at $88.33 and the 200-day SMA at $101.69.
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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.
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Zooming in to the 1-hour chart, Litecoin appears to be stabilizing in a tight band between $86 and $87.50.
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Shorter-term moving averages — the 20, 50, and 100 SMAs — have flattened out and show signs of aligning for a bullish crossover.
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Beyond $92, the next technical target would be around $96, aligning with key Fibonacci extension levels.
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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:
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0.382 Fib retracement: ~$88.50 (current resistance zone)
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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.
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Despite the signs of bullish pressure, traders should be cautious if LTC fails to breach the $89 resistance zone.
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Additionally, the fact that Litecoin remains well below its 200-day SMA around $101 suggests that the broader trend remains bearish until proven otherwise.
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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…
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On the flip side, failure to overcome resistance could trigger a decline back toward the $80 level.
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