Litecoin Holds Key Support Amid Rising Geopolitical Uncertainty
On June 2, 2025, Litecoin (LTC) demonstrated resilience, maintaining a crucial support level despite mounting selling pressure fueled by global economic uncertainties.
The cryptocurrency successfully defended the $87.50 mark through multiple tests, a price floor increasingly viewed by traders as vital, according to CoinDesk Research’s technical analysis. This strength comes as markets grapple with escalating trade tensions and ambiguous monetary policies from major central banks.
Technical Analysis Insights
At 7:00 AM, Litecoin climbed to a 24-hour high of $89.76, representing a 3% gain from the day’s low. However, it encountered solid resistance just below $90. The surge was accompanied by a notable volume increase, reaching 273,699, signaling heightened investor interest at this level.
Following this peak, LTC briefly slipped beneath the $87.60 support line, dipping to $87.53 in a swift 1% hourly drop before quickly rebounding. This recovery formed a possible double bottom pattern and coincided with a surge in trading volume, suggesting renewed buying momentum.
Despite the price swings, Litecoin has maintained its upward channel, reinforcing the notion that the bullish trend is still intact. For traders, this implies continued optimism for LTC’s price growth, even as inflation concerns and shifting economic policies create headwinds.
