Litecoin Holds Critical $87.50 Support, Showing Resilience Against Market Downturn

Litecoin Stands Firm at Critical Support Level Amid Global Market Uncertainty

On June 2, 2025, Litecoin (LTC) showed notable resilience by holding steady around the key $87.50 support zone despite increased selling pressure triggered by geopolitical tensions and uncertain monetary policies worldwide.

According to CoinDesk Research’s technical analysis, LTC’s ability to defend this crucial price floor highlights growing trader confidence even as broader markets react nervously to trade disputes and policy shifts from central banks.

Key Technical Developments

Early in the day at 7:00 AM, Litecoin rallied to a 24-hour peak of $89.76, marking a 3% rise from earlier lows. This upward move met resistance just shy of $90, with trading volume surging to 273,699 — an indicator of strong market attention.

Shortly afterward, the price dipped below the $87.60 support briefly, falling to $87.53 on a sharp 1% hourly drop. However, it quickly bounced back, forming what looks like a double bottom pattern accompanied by a spike in volume, suggesting renewed buyer interest.

Despite these fluctuations, Litecoin remains within its upward price channel, signaling that the positive trend remains intact. For investors, this points to continued optimism for LTC’s outlook amid ongoing economic uncertainties and inflation worries.