- Litecoin drops sharply despite a heavy surge in trading volume.
- Price nears a major long-term trendline that often triggers rebounds.
- Upside targets remain possible if buyers defend key support zones.
- Indicators show bearish momentum as sellers retain control.
Litecoin (LTC) continues its downward slide, extending the sharp price decline even as trading volume surges. In the past 24 hours, LTC has dropped by around 9.65%, and on the weekly chart, the coin is down 12.14%, indicating strong selling pressure across the market.
LTC is currently trading at $75.89, while its 24-hour trading volume has jumped to $711.87 million, marking a massive 158.14% increase. Despite the price fall, Litecoin’s market cap stands at $5.81 billion, showing heightened trader participation during increased volatility.
Also Read: Can Litecoin(LTC) Hit $107 in 2025? Analyst Pattern Signals Possible Breakout?
Litecoin Holds Firm On Major Trendline
Litecoin is right on top of its multi-year trend line within the symmetrical triangle pattern. Historically, this area between $72 and $75 has created very strong buying enthusiasm in past cycles. It is also a spot that buyers strongly defend. Volume is contained during the downtrend, and this is commonly known to be an accumulation phase before a breakout.
Crypto analyst @butterfly_chart highlighted that if Litecoin rebounds from this support, the first upside targets lie at $88-$90. Middle ranges for resistance are pegged at around $104 and $110 within the triangle. In the event that it breaks out above the descending trendline, it may mark the start of a wider rally. The total potential rally may go to $180, and for the long-term target, it would be between $200 and $250.
The breakdown scenario also needs to be watched. In the event of a close below $70 on a weekly chart, it will weaken the entire multi-year structure and confirm the loss of trendline support. In this case, Litecoin may decline to levels of $66 initially and further until levels of $54-$58. Until then, the entire market structure remains conducive to a possible upside.
Momentum Indicators Highlight Bearish Strength
The RSI is currently at 38.05, which is below its moving average at 49.04, showing obvious signs of downward movement. Lowering this far towards the lower band indicates less purchasing strength and rising selling pressure. The development of lower highs in this situation further supports less purchasing strength and rising selling pressure.
Now, the MACD line at -4.04081 is marginally above the signal line at -4.05323, and the histogram shows that the MACD is at -0.01242, which is negative. The red bars confirm that the downward forces are strengthening as the sell side dominates the markets.
Also Read: Litecoin (LTC) Struggles Below Key EMAs as $76–$78 Support Holds
