Litecoin Rebounds 1.5% Amid Political Uncertainty

Litecoin (LTC) has shown resilience amidst heightened political and economic uncertainty, rebounding from a recent dip to $77. The cryptocurrency has regained traction among traders as debates over inflation, central bank independence, and interest rates intensify following public criticism from Donald Trump directed at Federal Reserve Chairman Jerome Powell. This political tension has contributed to increased volatility in the financial markets, prompting investors to explore alternative assets like LTC.

On April 21, 2025, LTC's trading day began with a bullish momentum, reaching an RSI overbought situation at 00:30 UTC, which signaled a potential downtrend. This was further confirmed by a Death Cross on the MACD at 01:55 UTC. By 02:20 UTC, a pin bar followed by a full-body red candle indicated a downtrend, with LTC resisting at $79.81 before dropping to $78.56. However, at 04:25 UTC, LTC found support at $78.56 and experienced an uptrend. The cryptocurrency broke resistance at $79.81 at 07:35 UTC, reaching a high of $81.91. A Golden Cross on the MACD at 05:45 UTC affirmed this uptrend, but a subsequent Death Cross at 09:00 UTC signaled a possible downtrend. LTC resisted at $81.91 and dropped to $79.97 by 09:10 UTC. At 14:25 UTC, LTC broke support at $79.97 and dropped to $77. However, a Golden Cross on the MACD at 18:20 UTC signaled an uptrend, and LTC found support at $77, closing at $78.16.

On April 22, 2025, LTC's trading day began with a strong bullish momentum. However, at 01:15 UTC, an RSI overbought situation indicated a trend reversal, confirmed by a pin bar and full-body red candle signaling a potential downtrend. LTC resisted at $79.54 and experienced a short-term fall. A Death Cross on the MACD at 02:00 UTC affirmed this downtrend. Subsequently, at 06:40 UTC, LTC found support at $78.32 and began to move up, breaking the key resistance at $79.54.

The political quarrel between Trump and Powell has created an atmosphere of uncertainty in the financial markets. Investors are turning to alternative assets like LTC as a hedge against this volatility. The recent price analysis of LTC shows a strong bullish wave, with the cryptocurrency breaking key resistance levels. However, if LTC continues to fall, it could break the key support level at $77, leading to further price declines and strong bearish momentum. Investors are advised to closely monitor these key levels before making investment decisions.