Bitcoin
Litecoin Surpasses $60 Resistance Level Following 29% Weekly Advance
Litecoin moved past its May swing high near $60.61 after posting double-digit weekly gains, even as broader digital asset markets digested a pullback in Bitcoin.
Litecoin posted a 6.04% gain over a 24-hour period, extending its seven-day increase to 29.2% and moving above a significant resistance zone at $60. The advance stood out among large-cap cryptocurrencies during a period when many alternative tokens fell alongside Bitcoin's decline from $87,300 to $82,900.
The upward move pushed Litecoin above its previous swing high of $60.61 from May, altering its weekly market structure. Technical indicators such as the Awesome Oscillator registered positive weekly readings for the first time since October 2025, while the Directional Movement Index pointed to active upward momentum.
However, weekly trading volume and on-balance volume indicators remained near multi-month lows, suggesting potential divergence on longer timeframes. On the daily chart, indicators appeared stronger, with technical levels identifying $60 and $52.50 as the primary support areas to monitor in the event of a pullback.
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