Litecoin has stabilized above its long-term $55–$60 support zone after years of consolidation. According to analyst Erick Crypto, this indicates easing selling pressure. Technical signals show a recovering RSI and improving MACD histogram. In a separate development, Japan’s SBI VC Trade exchange has added Litecoin to its crypto lending service.
Litecoin is holding above a crucial long-term support area between $55 and $60. Analyst Erick Crypto noted this zone has defended against selling pressure to form a strong base.
If this support holds, the token could gradually progress toward higher price levels. Mid-term price targets are clustered between $100 and $120, according to market analysis.
Momentum indicators are showing signs of stabilization following a broader bearish formation. The RSI has recovered toward 44 after nearing oversold conditions.
Meanwhile, the MACD histogram has been rising despite a negative slope. This suggests bearish momentum may be weakening, though a trend reversal is not yet confirmed.
In a regulatory development, Japanese crypto exchange SBI VC Trade has expanded its lending service to include Litecoin. The Litecoin Foundation announced this update allows users in Japan to lend their LTC and earn interest.
This provides a practical, yield-generating use case within a highly regulated market. The move indicates growing institutional comfort with Litecoin beyond its original payments focus.
