After losing the $80 support level, what is the future outlook for Litecoin?

TapChiBitcoin
LTC2,98%
BTC3,45%

On Friday, the strong volatility wave of Bitcoin triggered widespread selling pressure in the market, causing Litecoin (LTC) to plummet by 7.5% within just 5 hours. This downward momentum pushed LTC to a new low at $72.64 before the coin attempted to recover. At the time of recording, LTC is trading around $75.89.

In the past two weeks of trading, Litecoin bulls have completely lost control of the important long-term support zone between $80–$84. Previously, a report from Coin Photon emphasized that this area plays a key role in maintaining LTC’s long-term price structure.

Notably, the report also pointed out that the bulls are weakening significantly, almost exhausted of momentum, and are only maintaining a defensive stance. Even with Litecoin being included in the Bitwise 10 Crypto Index ETF (BITW), it was not enough to generate a significant boost to the price on the trading chart.

Assessing the strength of Litecoin’s next downward trend

Daily LTC/USDT chart | Source: TradingView Using the Fixed Range Volume Profile tool for the entire 2025, the Value Area High (VAH) and Value Area Low (VAL) are identified at $120 and $83 respectively. After the first week of October, when Litecoin continued trading above the year’s VAH, the market experienced a sharp decline on October 10, marking an important turning point in the trend structure.

The OBV (On-Balance Volume) indicator shows that the supply-demand balance at that time had clearly tilted in favor of the bears, reflecting overwhelming selling pressure. In November, Litecoin entered a period of high volatility and attempted to defend the psychological support zone of $80, but weak demand was insufficient to reverse the downward trend forming.

When the $80 level was officially broken, the situation became more unfavorable for the bulls. The next long-term support zones that the bears might target are at $73.4, $66.5, and deeper at $59.6.

Source: CoinGlass Notably, the monthly liquidation heatmap shows that the liquidity around the $73 zone has been wiped out. In this context, a technical rebound could occur, and the price is likely to be pulled back toward the “magnet” zone of $82–$83, where supply and demand may continue to struggle in the short term.

Less likely scenarios for Litecoin

This is a notable bullish scenario. The $88 zone currently acts as a “liquidity magnet,” where a large concentration of short position liquidations (Short) is focused, potentially attracting the price gradually toward this area. If the overall market sentiment turns positive, triggering a chain reaction of short squeeze effects, LTC could break above $90, thereby reaffirming and strengthening the medium-term bullish trend.

Trader recommendations – Continue to maintain a bearish outlook

This altcoin has just lost a key support zone, signaling a clear market weakening. The main trend and price structure remain entirely bearish, while buying pressure on higher timeframes is almost absent, indicating that the bulls are not yet strong enough to regain control.

In a recovery scenario, the $80–$84 zone is likely to serve as a very strong resistance area that is difficult to conquer. Therefore, traders may consider short-selling on rebounds, with target prices around the support zones of $66 and deeper at $59.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

XRP Price Just Flashed a Hidden Macro Retest – Analysts Predict the Real Fireworks

XRP is undergoing a significant macro breakout retest, suggesting potential for a notable upward move towards $15. Analyst insights indicate bullish momentum as buyers gain strength, with a successful retest validating the bullish outlook for sustained growth.

CaptainAltcoin1h ago

Bitcoin Rejects $76K as War and PPI Rock Markets

_ Bitcoin rejected $76,000 resistance as US strikes on Iran, hot PPI at 3.4%, and Powell’s FOMC tone sent crypto and risk assets into a sell-off._ Bitcoin hit $76,000 and turned back around. The rejection was clean. Sellers were waiting right at the level that traders had marked for

LiveBTCNews2h ago

Gold Price Dip Deepens – Is Smart Money Forcing the Market Lower?

Gold prices just took a nosedive, and people are trying to figure out why. Sure, markets move fast. But something about this drop feels off. A trader named Wimar.X pointed out that hedge funds might be behind it. Here is the kicker. The CFTC data shows that hedge funds opened new short

CaptainAltcoin3h ago

'How Did You Manage That?': Peter Schiff Trolls Michael Saylor Over 4.5% Bitcoin Loss and $44 Billion Plans - U.Today

Michael Saylor continues to invest heavily in Bitcoin, purchasing $76.6 million worth despite facing criticism from Peter Schiff about recent losses. Saylor aims to acquire one million BTC, supported by a new $44.1 billion funding plan, while Schiff highlights the ongoing portfolio drawdown.

UToday4h ago

Cardano (ADA) Price Reclaims $0.26 as Volume Rockets 60% - U.Today

Cardano (ADA) has recovered to $0.26, up 3% with a 60% increase in trading volume. While analysts caution it remains range-bound, historical data suggests a potential bullish close in March, driven by market trends and DeFi growth.

UToday4h ago

Aster (ASTER) Price Breakout Fails After 35-Day Consolidation – What Happens Next?

The ASTER price has been consolidating for over a month, fluctuating without significant movement. A failed breakout led to a loss of key support at $0.68, indicating a bearish trend. The focus now is on whether it can recover above $0.68 to regain stability.

CaptainAltcoin4h ago
Comment
0/400
No comments