Litecoin Price Consolidates Near $87 Awaiting Breakout

Litecoin (LTC) has been consolidating beneath key moving averages, with the price trading around $86.64 as of June 16, 2025. The daily chart indicates that Litecoin recently bounced off the $80 support level and is now trading just below a key resistance zone between $87 and $89, which coincides with the 20-day and 50-day simple moving averages. The 100-day and 200-day SMAs are still above the current price, sitting around $88.33 and $101.69, respectively, acting as resistance walls.

From a Heikin Ashi perspective, there is a gradual shift from bearish candles to smaller-bodied candles, signaling that the selling momentum may be losing strength. However, a clear bullish reversal pattern hasn't been confirmed yet. If LTC breaks and holds above $89 on strong volume, we may see a swift move to the $96–$100 range.

Zooming into the 1-hour chart, Litecoin price is consolidating in a tight range between $86 and $87.50. The short-term moving averages (20, 50, and 100 SMA) have flattened out, while the price is slightly nudging above them—hinting at a possible bullish crossover. The 200 SMA at $87.97 remains the main obstacle in the short-term. If LTC price breaks the 200 SMA on this timeframe and confirms the breakout with a retest, we could expect a quick run-up toward $92, where historical hourly resistance lies. Above that, $96 and $100 are the next Fibonacci extension targets.

The daily chart has drawn Fibonacci levels from the previous high near $112 to the recent low near $72. Key levels to watch include Fib 0.382 around $88.50, Fib 0.5 near $92.00, and Fib 0.618 around $96.00. A breakout above $88.50 and sustained hold above $92 would signal a medium-term trend reversal and invite larger bulls. If LTC breaks above $88.50 (Fib 0.382) and moves to $96.00 (Fib 0.618), the gain would be approximately 8.47%, representing a healthy short-term opportunity if volume supports the breakout.

However, there is downside risk. If Litecoin price fails to break above $88.50 this week, sellers might retest $80. A daily close below $80 would open up a slide toward $72 and even $65. Those levels are marked by lower Fib retracements and past price congestion zones. The 200-day moving average at $101 is also far above the current price, meaning that Litecoin price is still technically in a downtrend. A breakout must be confirmed on higher timeframes to validate a macro recovery.

In the short term, Litecoin price looks neutral-bullish. It’s showing early signs of strength on the hourly chart, but the real test is breaking above the $88.50–$89.00 resistance band. If that happens, $92 and $96 are achievable targets. A retest of $100 is likely only if broader altcoin sentiment improves. In contrast, failure to clear resistance may push LTC price back to $80 and below. Traders should watch volume spikes closely and monitor the daily close over the next 2–3 sessions.

A breakout above $89 could fuel a move to $96–$100. But failure at current levels may drag LTC price back to $80 or lower. The next 48 hours are crucial.