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11.07.2025 08:00 AM
Litecoin is attempting to test its nearest resistance level, Friday, July 11, 2025.

Litecoin, Friday, July 11, 2025.

Litecoin managed to break through and close above its pivot level. Although there is potential for a correction, positive fundamental factors provide an opportunity for continued strengthening.

Key Levels

1. Resistance 2: 117.68.

2. Resistance 1: 104.73.

3. Pivot: 94.07.

4. Support 1: 85.20.

5. Support 2: 76.14.

Tactical Scenario

Positive Reaction Zone: If the price successfully breaks through and closes above 98.91, Litecoin has the potential to continue strengthening to 104.73.

Momentum Extension Bias: If 104.73 is successfully broken through and closes above it, Litecoin has the potential to continue strengthening to 117.68.

Invalidation Level / Bias Revision

Upside bias weakens when the price breaks through and closes below 76.14.

Technical Summary

Litecoin's price movement has successfully broken through and moved above its 20-EMA and 50-EMA levels, and the RSI(14) is at a Neutral Bullish level (64.38), indicating significant potential for strengthening.

Fundamental Factors Driving Litecoin:

The approval of the SPOT LTC ETF, which will undoubtedly attract significant capital from large institutions, along with whale and miner activity indicating significant accumulation, coupled with adoption via Venmo and other platforms, has led to increased transaction volume and expanded retail users, all of which have a positive impact on Litecoin.

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Arief Makmur
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