The price of Litecoin remains under pressure even as network adoption continues to expand. As one of the oldest cryptocurrencies, Litecoin was developed to allow for fast, low-cost, peer-to-peer digital transactions. At press time, the coin is trading at $55.20 with a decline of 2.8% over the past 24 hours.
Litecoin Trading Around Key $65 Resistance Point
Looking at the LTC daily chart from TradingView shows that it is trading in the $55 range after having dropped approximately 2.5% from yesterday, with Litecoin continuing the downward trend it has established since late 2025 of creating lower highs and lower lows.
A key technical level created from previous support is currently found at approximately $65; it has changed from support to resistance since breaking through that level. LTC’s RSI hovers around the 40 level, which continues to indicate weakened momentum but does not constitute an oversold period at this time.
Additionally, Litecoin’s OBV continues to have a downward trend; this indicates substantially lower buying pressure within the market; thus, without buyers returning prices to the $65 resistance level, Litecoin will continue to remain in consolidation at current price levels.
Also Read: Litecoin (LTC) Bulls Regain Control: Is a Rally to $70 Back on the Table?
8.6M Wallet Addresses Created
The LTC Foundation recently provided updates on X about Litecoin’s growth via on-chain metrics from Coin Metrics and showed that LTC has continued growing in the number of addresses holding balances on its network.
As of right now, there are approximately 8.625 million wallet addresses (up from 7.504 million), totaling over 15% of all wallets since the beginning of 2024.
The continued growth in this metric can demonstrate that more people are continuing to hold LTC as the price of LTC has been volatile, with potential signs of long-term holding by increasing participants on the network through accumulation over longer time frames.
Although the price of LTC is under short-term bearish pressure, the continued extension in the overall number of wallet addresses suggests that the usage of the network is continuing to grow exponentially.
If this trend continues together with LTC’s ability to reclaim the $65 resistance level, LTC could possibly have a solid base for a substantial recovery within the next few months.
Also Read: Litecoin (LTC) Eyes $75 Target as Binance Launches New LTC/U Pair
