By , |Edited by
Jun 30, 2025, 4:28 p.m.
- Litecoin’s price attempted to break above $88 but was met with strong selling pressure, causing it to retreat to $85.21.
- The drop occurred as bitcoin’s dominance increased and its volatility decreased.
- Technical analysis suggests that Litecoin’s price is currently finding support at $85.37, with resistance near $86.05.
Litecoin
tried to punch above $88 during Monday’s trading session, but met a wall of sell orders near that level.
STORY CONTINUES BELOW
The token has since retreated to $85.21, down 3.17% since the session’s peak and 1.5% in the last 24-hour period. That stumble erased the week’s slim gains and set a new line in the sand for bulls.
The drop came at a time in which bitcoin
has been its dominance increase, while its volatility dropped below the 40 mark in a potential sign of incoming action.
Technical Analysis Overview
Litecoin’s price swung significantly in the last 24-hour period, covering a $3.05 range, or roughly 3.5%. The token encountered stiff resistance between $88.00 and $88.42, where sellers stepped in heavily, particularly during late evening trading hours, according to CoinDesk Research’s technical analysis data model.
After peaking, LTC reversed lower and found new support at $85.37. The steepest drop was accompanied by the session’s highest trading volume of over 180,000 tokens, signaling strong bearish sentiment.
Short-term trading saw additional volatility. In the last few hours of trading, LTC spiked from $85.65 to $86.05, a 0.47% jump, on a burst of buying. But momentum quickly reversed, sending prices back down to $85.53 on another volume spike.
This cemented resistance near $86.05 and reinforced the new support level at $85.37, leaving Litecoin at $85.42 as the session ended. Traders are watching these levels closely for clues on whether the asset will stage a recovery or slip lower in the days ahead.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
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Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk’s $1,000 disclosure threshold.
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