• Litecoin price undergoes a sharp drop from $95 to $75, losing 20% value.
  • LTC price is at risk of losing 70% as the last line of defence is 10$ away from current lows.
  • Expect a perfect storm brewing where both dollar strength and risk-off see a falling knife triggered, with LTC price devaluing $50.

Litecoin (LTC) price is trading in the danger zone as price action hangs by a thread at risk of dropping to new lows for the week. LTC price could drop further to $65.08, which is the last line of defence before price action gets decimated. Should bears be able to push price action below $65, expect to see a nosedive move trading at a staggering 67% devaluation by then.

Litecoin price at risk of losing 67% intrinsic value

Litecoin price is not in good condition as price action could get thrown back to the stone age as more bearish pressures are building, and bulls look to have no interest in engaging in the price action. Pressure mounted after bears pierced through the $94.43 support level (once thought failsafe) after the break below $97.18. As some room is still open to the downside, the risk is that price action will drop further as investor interest fades away.

LTC price could thus be set up for a big falling knife where over $50 of price value would be erased from the books. $65.08 could be the new $94.43, and once that level loses its support, a broad zone opens up that bears could easily cross as no natural anchors are present for bulls to catch price action. Bears thus could have another 67% of gains on the foreside when Litecoin price breaks through $65 and slows down near $23, where two supportive levels await to catch it. 

LTC/USD daily chart

LTC/USD daily chart

On the other hand, the excursion below $94 could already be enough for bulls and investors to see  LTC price as enough of a bargain to accumulate. That would make sense, as the Relative Strength Index (RSI) is trading in an oversold area and does not leave much room for more downside from a technical perspective. Expect a slow turnaround with LTC price crawling back to $94-$95, and then awaiting further continuation should move tailwinds generate.

 


 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

TON Foundation appoints new CEO after $400M investment: Will Toncoin price reach $5 in 2025?

TON Foundation appoints new CEO after $400M investment: Will Toncoin price reach $5 in 2025?

The TON Foundation has named Maximilian Crown as its new Chief Executive Officer following a wave of strategic restructuring. Crown joins TON amid heightened focus on scaling blockchain adoption via Telegram’s vast user base.

SEC postpones decision on several crypto ETF filings after Paul Atkins assumes leadership

SEC postpones decision on several crypto ETF filings after Paul Atkins assumes leadership

The SEC released several documents on Thursday stating that it is delaying its decision on crypto exchange-traded fund filings from Grayscale, Bitwise and Canary Capital as it seeks more time to conclude whether or not to approve the applications.

Ondo Finance hits $3B market cap as CEO Nathan Allman meets SEC to discuss tokenized US securities

Ondo Finance hits $3B market cap as CEO Nathan Allman meets SEC to discuss tokenized US securities

Ondo Finance met with officials of the SEC and the law firm Davis Polk to discuss the regulation of tokenized US securities. Topics included registration requirements, broker-dealer rules and proposed compliant models for tokenized securities issuance.

Tron DAO announces $70B USDT supply: Here's how TRX price could react

Tron DAO announces $70B USDT supply: Here's how TRX price could react

TRON’s USDT circulation just surpassed $70 billion, signaling rising network utility as TRX price approaches a technically significant breakout. On Wednesday, TRON DAO confirmed that the circulating supply of Tether (USDT) on its blockchain has surpassed $70 billion.

Bitcoin Weekly Forecast: BTC holds steady, Fed warns of tariffs’ impact, as Gold hits new highs 

Bitcoin Weekly Forecast: BTC holds steady, Fed warns of tariffs’ impact, as Gold hits new highs 

Bitcoin price consolidates above $84,000 on Friday, a short-term support that has gained significance this week. The world's largest cryptocurrency by market capitalization continued to weather storms caused by US President Donald Trump's incessant trade war with China after pausing reciprocal tariffs for 90 days on April 9 for other countries. 

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP