- Litecoin price slipped below $70, trading at its lowest levels since April 2025.
- The decline follows a broader sell-off across the cryptocurrency market amid rising geopolitical tensions.
- Bitcoin and Ethereum also fell to key support levels.
The price of Litecoin (LTC) turned negative as downward pressure intensified, with a modest drop over the past 24 hours pushing LTC beneath the crucial $70 mark.
Seller dominance has driven the altcoin down nearly 10% over the past week.
That weakness coincides with escalating geopolitical tensions, centered on uncertainty around Greenland and the United States’ interest in the Arctic region currently under Danish sovereignty.
Lower risk appetite across digital assets has exposed Litecoin to a correction toward levels last seen in April of the previous year.
Litecoin fails to hold $70 support
Litecoin’s price action turned bearish after peaking at $84 on January 6, 2026.
A sequence of lower highs and lower lows culminated in today’s break of the psychologically important $70 support level.
Market data show LTC fell to a low of $68.45 during early U.S. trading on January 20 — the lowest in nearly a year.
Daily volume dropped about 45% to roughly $413 million, suggesting the decline may be slowing as heavy selling wanes.
Notably, the $70 level aligns with a long-term downtrend that began in early 2020.
The weekly chart also shows the 50-week exponential moving average (EMA) approaching a cross below the 200-week EMA.
An EMA cross of the 50-week below the 200-week is generally interpreted as a long-term bearish signal.
In technical analysis this “death cross” often foreshadows further weakness; here it suggests the recent trend is losing strength.
Weekly relative strength index (RSI) is drifting lower but is not yet in oversold territory; the last time it reached that level, LTC’s price later bottomed near $46.
On-chain metrics also show increased long liquidations.
According to Coinglass data, Litecoin recorded nearly $800,000 in 24-hour liquidations, while open interest stands near $564 million, indicating a potential intensification of the downtrend.
Support zones near $62 and $51 represent the next areas buyers may defend.
Bitcoin and Ethereum slip to key levels
Global equities fell on Tuesday, and Bitcoin (BTC) extended its correction amid the same Greenland-related geopolitical concerns.
BTC dropped toward the $90,000 area, and buyers have been unable to reclaim key levels despite corporate buying announcements. Strategy’s disclosure of acquiring 22,305 BTC for $2.13 billion — at an average of $95,284 per coin — failed to spark sustained buying.
Among major altcoins, Ethereum (ETH) lost more than 5% in the past 24 hours and is trading around $3,000.
XRP was unable to follow through after a recent rally and pulled back to about $1.92 as the broader crypto market weakened.
Ongoing geopolitical risks could exert further downward pressure on these coins.