Litecoin (LTC) Price Analysis

Litecoin (LTC) is down more than 12% in the last 24 hours, trading around $100 with a market cap of $7.5 billion. This sharp decline is tied to increasing selling pressure, which has pushed LTC’s Relative Strength Index (RSI) into oversold territory and the Chaikin Money Flow (CMF) deeper into negative levels.

Potential Support and Resistance Levels

If the downtrend continues, LTC could test the $92.5 support level, and potentially drop to $80, its lowest price since November 2024. Conversely, if momentum shifts, LTC could attempt recovery, breaking back above $100 and targeting resistance levels at $106, $111, and possibly $119.

LTC RSI Is Currently At Oversold Levels

The LTC Relative Strength Index (RSI) has dropped to 26.7, down from 57.1 just two days ago, indicating oversold conditions and intense selling pressure. This sharp decline is often a sign of panic selling or a strong bearish trend, making LTC vulnerable to further downside unless buyers intervene. However, such low RSI levels can also point to the potential for a short-term reversal, as oversold conditions usually lead to relief bounces.

Litecoin CMF Fell Below -0.20

Litecoin’s Chaikin Money Flow (CMF) is currently at -0.21, down from 0.03 just two days ago. This indicates a considerable shift in capital flow and reflects increasing selling pressure, with more capital flowing out of LTC than into it. A declining CMF suggests that investors are withdrawing liquidity from Litecoin, complicating price recovery.

Will Litecoin Fall Below $90 Soon?

If the downward trend continues, Litecoin’s price could test the critical $92.5 support level. If broken, LTC might sink to $80, marking its lowest price since November 2024. The bearish momentum shown in indicators like RSI and CMF suggests further declines are possible without buyer support. If LTC manages to reverse its trend, it could regain momentum, pushing back above $100, with $106 as the first major resistance level, potentially extending to $111 and $119 if bullish momentum strengthens.