Litecoin price is trading at $88.45 at writing after a failed attempt to break its descending trendline in May. The price peaked near $102 before reversing sharply, reinforcing the bearish structure visible since February.
Despite positive developments such as the LitVM launch and speculation about a Litecoin ETF, the market reaction has been muted. With mixed sentiment and strong technical resistance, investors are watching whether June brings a breakout or further downside.
What you'll learn 👉
What Drove Litecoin Price in May?
Litecoin tried to rally above its multi-month downtrend in mid-May but was rejected at $102. This move was supported by optimism around the LitVM Layer-2 upgrade and early ETF discussions. The LTC price briefly surged, but weak volume and bearish structure sent it back toward $82.
LitVM introduced smart contracts to the Litecoin ecosystem for the first time. It uses zk-rollups and EVM compatibility, opening the door for DeFi on Litecoin. While this is a major development, the market did not fully price it in. Broader crypto weakness may have overshadowed the news.
Other bullish signals included Luxxfolio’s accumulation plan, aiming for 1 million LTC by 2026, and Litecoin’s hashrate reaching a three-year high. However, the technical rejection kept the market cautious heading into June.
What Could Influence Litecoin Price in June?
The upcoming Litecoin ETF decision, due in August, could attract early attention in June. With speculation of a 90% approval chance, even small bullish moves may lead to increased trading volume and accumulation.
Another factor is the adoption of LitVM. If developers begin launching dApps and cross-chain integrations, Litecoin could see a new wave of demand. But without real usage, the upgrade may not boost the price meaningfully this month.
External conditions remain key. Bitcoin’s performance will heavily influence Litecoin, as will macroeconomic news and investor sentiment across the crypto market. Any risk-off shift could pull LTC lower.
What the Indicators Say About LTC Price
Here’s a breakdown of daily technical indicators based on current chart data:
| Name | Value | Explanation |
| RSI (14) | 43.035 | Indicates weak momentum, not yet oversold. |
| STOCH (9,6) | 35.265 | Trending lower, still bearish |
| MACD (12,26) | -0.43 | Negative crossover, bearish trend. |
| ADX (14) | 25.869 | Confirms downward momentum is strong. |
| Williams %R | -72.229 | Weak momentum, nearing oversold. |
| CCI (14) | -122.3229 | In oversold territory, bearish tone |
| ATR (14) | 4.7227 | Low volatility, gradual moves expected. |
| Highs/Lows (14) | -2.7515 | Price is below recent highs. |
| Ultimate Oscillator | 42.73 | No bullish momentum confirmed yet. |
These indicators show weak buying pressure and continued selling momentum. Traders may wait for stronger reversal signals before entering long positions.
What the Moving Averages Suggest
We also checked the moving averages to get a better read on Litecoin’s price direction. These indicators measure the average price over different periods to help spot trends more clearly.
Right now, Litecoin’s short-term moving averages, the 5-day and 10-day, are starting to show a bit of life. The price is hovering close to or just above them, which could point to a short-term bounce.
But when you look at the bigger picture, the 20-day, 50-day, 100-day, and 200-day averages are all still sitting above the current price. That tells us the overall trend is still down. Unless Litecoin can push past those key levels this month, any recovery might just be temporary.
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AI Predictions for Litecoin Price in June
We asked AI to assess possible scenarios for Litecoin price based on technical data, recent developments, and overall market structure. Here are the three outlooks:
Bearish Scenario
If market sentiment stays low and no new bullish catalysts emerge, LTC could break below $82 again. In this case, the price could fall to the $72–$75 range. Traders may remain cautious if Bitcoin also trends downward.
Neutral Scenario
If LTC price continues consolidating and avoids a breakdown, it could stay between $88 and $110. This range represents key support and resistance zones. ETF anticipation and LitVM adoption may help stabilize the price.
Bullish Scenario
If Litecoin breaks the descending trendline and gains volume above $100, it could rally to $120 or even $160. Strong Bitcoin performance and increased LitVM usage would be needed to fuel such a move.
Litecoin showed strong development in May, but price action remained bearish. Now in June, traders are watching for a breakout above $95–$100 to confirm a reversal. Until then, technical signals remain cautious, and short-term sentiment stays neutral to bearish.
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