“The US’s Latest Tariff News, Coupled with Inflation in the European Falling Below The EcB’s Target, Shape Ltc’s Macroeconomic Outlook.”, – WRITE: www.coindesk.com
Edged Higher, Climbing 2.1% in the Last 24 Hours and Breaking Through The $ 90 Resistance Level. The Move Came As Global Markets Grappled with Rising Geopolitic Frification and A Shifting Macroeconomic Outlook.
Ltc briefly pierced the psychologically significant $ 90 Thresold Dringing Early Trading Hours. While prices retreated slightly, the overall Trend Remains Bullish, Buoyed by a pattern of Higher Lows.
The Broader Context Added to the Rally’s Momentum. President Trump’s Latest Round of Tariffs Rattled the Wider Market, Adding Fresh Uncertainty to the Near Future.
At the Same Time, Inflation in the European Central Bank’s Target, Leading to Growing Bets on a New Rate Cut in the Near Future. That could spark renewed apetite for risk assets.
Technical Analysis OverView
- From A Technical Perspective, Litecoin Has Shown Solid Footing, Accounting To Coindesk Research’s Technical Analysis Data Model.
- A Strong Support Zone ForMed AROUND $ 87.90, With Volume Spikes Durying Key Trading Windows. Traders Noted A Double Top Pattern Near $ 89.60 and A Selloff that Briefly Pushed Prices to $ 89.20 Before Buyers Reganed 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 Mainten Levels Above $ 90 in the Coming Days.
