Litecoin Holds Firm at Technical Base as Layer-2 Development Gains Attention

Litecoin Holds the Line at $89 as New Layer-2 Pushes DeFi Dreams Back Into Focus

Litecoin isn’t dead yet — not by a long shot. The OG crypto is clinging to support around $89, dodging a full-on breakdown thanks to some unexpected bullish buzz: a fresh Layer-2 designed to give the old-school network a new lease on life.

Price action has been sketchy. A looming head-and-shoulders setup has traders spooked, but volume spikes near support suggest bulls aren’t ready to give up just yet. The broader market isn’t helping either, with the CoinDesk 20 Index slipping another 1% on weak macro sentiment and a jittery dollar.

What’s giving LTC holders something to cheer about? A new zero-knowledge Layer-2 called LitVM, built on BitcoinOS and Polygon’s CDK, is promising to unlock EVM smart contracts and native swaps with BTC and ADA. That could be a game-changer for a network that’s long been more payments-focused than programmable.

Oh, and in a nod to mainstream acceptance, IG Group just added LTC to its crypto lineup, opening the door for a new wave of retail interest across Europe and Asia.

It’s still early days, and traders remain cautious. But if LitVM gains traction, it could breathe new life into one of crypto’s oldest assets — and finally drag Litecoin into the modern DeFi world.