Litecoin price rallies 24% from June low as Coinbase launches new lending product
Litecoin (LTC) is showing a strong recovery from its June low, supported by a surge in technical momentum and growing volatility. TradingView data places Litecoin at $71.82, marking a significant rise from its previous consolidation range. According to market analyst More Crypto Online, Litecoin appears to be forming an ABC recovery pattern within a broader triangle structure after completing a wave C decline in June. The analyst noted that while Litecoin has advanced beyond its initial resistance, this move remains within the boundaries of the triangle formation, limiting the potential for a structural breakout.