Here's Why Litecoin Could Decrease By Another 25% | Credit: Hameem Sarwar
Share
Key Takeaways
A descending resistance trend line rejected Litecoin’s (LTC) price.
Litecoin failed to break out from the $135 horizontal resistance area.
Can Litecoin regain its footing, or is its market cycle finally coming to an end?
Litecoin has failed to break out from a key resistance level five times.
The most recent failed breakout attempt led to a significant crash that has nearly invalidated the chances of new highs in 2025.
With the Litecoin price hanging by a thread above support, the main question is whether it can prevent a breakdown or if the downward trend is in its infancy.
The price moved above the trend line at the start of October, but could not sustain its increase. Instead, it struggled at the $130 horizontal resistance area and crashed.
Get These Top Crypto Casino Offers Now!
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
Momentum indicators have also turned bearish. The Relative Strength Index (RSI) crashed below 50, while the Moving Average Convergence/Divergence (MACD) created a bearish cross (black circles).
Because of these readings, the Litecoin price prediction is considered bearish. However, examining a lower time frame is necessary to determine whether the LTC price will return to the trend line.
Why is Litecoin Going Down?
The long-term chart does not invalidate Litecoin’s bullish price prediction, though the only remaining valid count is hanging by a thread.
If this count is accurate, Litecoin has finishedwave E of an A-B-C-D-E (red) in a seven-year triangle, which has existed since the 2018 high.
With this possibility, Litecoin is expected to soon break out of the triangle and rally toward $300 and $640.
The channel’s support trend line is very close to the ascending support trend line, so a breakdown of one will likely result in a breakdown of the other.
If that happens, Litecoin’s price could crash to its bear market lows.
Bearish Trend Ahead
Litecoin’s price action is leaning bearish. The price failed to break out multiple times and just lost a critical support level.
Litecoin could fall by another 25% to its diagonal support at $70 if the downward movement continues.
Alternatively, a breakout from the long-term symmetrical triangle could take the price to new highs, though this seems less likely.
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.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
