Litecoin (LTC) price traded near $90 on June 3, recovering nearly 9% from May 31’s low near $83. The recovery came after a multi-week decline that saw the token slip from a local high near $105 in May. Despite broader market hesitation, LTC price held above critical support, signaling underlying strength as bulls attempt to reassert control.
The move comes as the Litecoin Foundation introduced a new technical initiative—ZK Omnichain LitVM—unveiled during the 2025 Litecoin Summit. The project aims to bring zero-knowledge proof architecture and omnichannel interoperability to Litecoin’s smart contract ecosystem, marking a significant shift from its original design as a Bitcoin-like payments layer.
Market participants interpreted the launch as an attempt to position Litecoin within the broader modular and cross-chain infrastructure narrative dominating current development trends.
Elsewhere, risk assets remained mixed. Bitcoin traded near $106,500, while Ethereum hovered below the $2,700 mark. Macroeconomic uncertainty—including fresh U.S.–China tariff concerns and softening dollar strength—kept investors on edge.
Meanwhile, altcoins lagged, with Litecoin showing relative strength against peers like Dogecoin and Bitcoin Cash, which remain trapped in broader consolidation zones. Against this backdrop, LTC’s technical posture and ecosystem developments stand out.
Technical Confluence Strengthens Bulls’ Case
The LTC to USDT pair shows signs of a potential bullish continuation as multiple timeframes align to suggest the current pullback could be corrective rather than trend-defining. On the 4-hour chart, Litecoin price completed a clear five-wave impulse to the $100 zone, which likely marks a higher-degree wave (1) in a new upward cycle.
The ongoing correction, which the analyst, ew-forecast, shared on Tradingview, labeled as a W-X-Y structure, is testing key Fibonacci retracement zones between $90.6 (0.382) and $80.2 (0.618). This zone coincides with immediate support levels and the prior breakout structure, forming a critical accumulation region before a projected rally toward the $107.4 mark and potentially higher into wave (3).
This short-term structure gains credibility when evaluated alongside the weekly LTC to USDT chart. There, Litecoin prices have formed higher lows while the Relative Strength Index (RSI) prints lower lows, resulting in a textbook hidden bullish divergence.
Such divergence is typical during uptrends and often precedes strong trend continuations. The price structure since mid-2024 remains constructive, with rising support guiding LTC higher despite short-term volatility. Volume trends support a gradual accumulation phase, where dips are absorbed rather than extended into breakdowns.
The evidence across both intraday and macro timeframes reinforces a bullish bias. The wave (2) correction appears mature and aligned with key technical supports, while the weekly hidden bullish divergence points to internal strength within the uptrend.
Unless Litecoin price breaks below the $80 support and invalidation level near $63.5, the structure favors a bullish breakout. A confirmed reversal from this confluence zone would open the door for a rally well beyond the recent highs, possibly toward the next macro resistance near $140.
Bullish Technical Setup Could Help LTC Chart New Highs
Meanwhile, Litecoin price appears to be trading within a broad ascending triangle pattern. The pattern, defined by a series of higher lows converging toward a flat overhead barrier, reflects consistent accumulation and weakening sell pressure at lower levels. Ascending triangles typically resolve in the direction of the prevailing trend, and in this case, a breakout to the upside remains the dominant expectation if the structure remains intact.
LTC to USDT faces resistance near $94, where the 0.618 Fibonacci retracement level aligns with the 20-week EMA. This zone acts as a confluence barrier, stalling bullish momentum in the near term. A move beyond this area would expose Litecoin’s price to the next resistance near $102.3, just below the horizontal ceiling of the triangle. A breakout beyond that level, confirmed with volume expansion, would activate the pattern’s price objective.
However, a rebuff from the weekly EMAs would mean the recent uptrend was a brief recovery in a downtrend before further price decline, also called a dead cat bounce.
The breakout target is calculated by measuring the height of the triangle from its base to its resistance and projecting that distance upward from the breakout point. Based on this method, the structure sets up a long-term price objective near $301, a spike of over 220% from current levels
However, downside risks persist. If the price slips below the 200-week and 100-week EMAs, it may retest support near $82.3. A deeper correction could bring the token to $75.1, where a breakdown would weaken the triangle’s validity. So far, however, LTC has defended the pattern’s lower boundary on multiple weekly tests, reaffirming the bullish formation’s resilience.
