Litecoin has demonstrated remarkable resilience by holding the $87.50 support level despite broader market volatility. This price floor represents a confluence of technical factors including the 200-day moving average and a volume-weighted average price zone where institutional buyers have historically accumulated LTC. Market data shows increased spot buying at this level from Asian trading desks, particularly during London/New York overlap hours.
The stability comes despite escalating geopolitical tensions affecting risk assets globally. Litecoin’s relative strength compared to other major cryptocurrencies may stem from its upcoming protocol upgrade introducing confidential transactions. Some analysts speculate this privacy feature enhancement is attracting renewed interest from both retail and institutional investors seeking Bitcoin alternatives with improved fungibility.
However, sustained maintenance of this support requires continued buying pressure. On-chain data reveals large wallet holders have been gradually increasing positions, but derivatives markets show perpetual swap funding rates turning negative, indicating growing bearish sentiment among leveraged traders. The $90 resistance level remains key for any bullish reversal confirmation.
