Litecoin Eyes Renewed Breakout as Tariffs, Eurozone Inflation Drive Macro Tailwinds
Litecoin (LTC) saw a modest upswing, gaining 2.1% in the past 24 hours to momentarily clear the $90 barrier, as macroeconomic shifts stoked renewed interest in crypto markets.
The climb — albeit short-lived above the psychologically key $90 level — unfolded against a backdrop of rising geopolitical tensions and mixed economic signals from the U.S. and Europe. President Trump’s latest tariff announcement injected fresh uncertainty into global markets, while the eurozone’s inflation rate dipped below the ECB’s target, increasing expectations of another rate cut and lifting investor sentiment for risk assets like crypto.
Macro Moves Meet Technical Momentum
Despite pulling back slightly after the $90 breach, Litecoin’s upward trajectory remains intact. Analysts note a clear pattern of higher lows, indicating underlying bullish momentum.
CoinDesk Research’s technical model flagged solid market structure, highlighting a strong support area near $87.90. Activity spiked during key trading windows, with a double top forming at $89.60 before a quick dip to $89.20 was bought up. Litecoin settled around $89.32 as the market paused to absorb the week’s action.
If current support zones continue to hold, LTC may be primed for another push beyond $90 — one that traders hope will stick this time.
