Litecoin is losing momentum, with the AO below zero and selling pressure rising.
LTC must hold the $$80.33 support or the chart opens downside toward $75.19.
A bullish reversal needs a reclaim of $84.84, which would refocus targets near $96.
Litecoin (LTC) is exhibiting early signs of technical weakness after a 3% decline over the last 24 hours. At the time of writing, the coin has struggled to bounce from its recent lows.
Following the rejection near the $84.84 resistance zone, Litecoin’s price slipped back into a key demand area.
With indicators tilting bearish and capital flows weakening, LTC’s next move depends on whether buyers can successfully defend the $80.80 support region or allow sellers to regain control and extend the correction.
What lies ahead for Litecoin’s price?
Litecoin Slides Toward Support
On the 4-hour chart, Litecoin’s technical setup shows increasing downside pressure as the price rolled over from its recent local highs.
The Awesome Oscillator (AO) paints a clear bearish picture. As seen below, the AO has slipped below the zero line and is currently printing at -1.10 with expanding red histogram bars.
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This shift reflects strengthening bearish momentum and indicates that sellers are gaining control as the price continues to trend lower from the $84.84 rejection zone.
The Money Flow Index (MFI) reinforces this weakening structure.
Hovering near 28.29, the indicator approaches oversold territory, signaling an intensification of selling pressure.
While oversold conditions can sometimes precede a short-term bounce, they typically indicate a continuation rather than an immediate reversal.
This happens especially when accompanied by negative momentum readings.
LTC’s price action suggests that the asset has broken below the $82 to $83 support band and now trades around the $80 region, which represents a critical short-term demand zone.
On the daily chart, LTC’s price is testing a key support zone, currently located at $80.64.
The Relative Strength Index (RSI) hovers near the neutral zone but tilts downward, signaling that bearish momentum is building as sellers outpace buyers.
Meanwhile, the Bull Bear Power (BBP) continues to print green histogram bars, showing that buyers still retain some influence.
However, the bars gradually shrink, and BBP now hovers close to the neutral line, reflecting a weakening bullish grip.
This suggests that while the support zone at $80.33 holds for now, momentum is shifting in favor of sellers.
As a result, any sustained selling pressure could tip the balance toward a deeper correction.
Litecoin’s price direction becomes clearer using Fibonacci retracement levels.
Trading below the 0.236 Fib level, LTC faces increased downside risk, with the next significant support around $75.19.
A failure to hold its current support zone at $80.33 could open the floor toward this level. In that scenario, Litecoin’s price will likely decline to $71.78.
However, in a bullish scenario, breaking above the resistance at $84.84 and reclaiming the 0.236 Fib level would signal a potential shift in momentum back to the buyers.
Such a move could pave the way for Litecoin to test higher resistance zones at $96.12 and $103.64, with sustained buying pressure potentially driving a short-term recovery.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
