- Litecoin price fell below $70, trading at levels last seen in April 2025.
- The decline follows a broader cryptocurrency market sell-off driven by rising geopolitical tensions.
- Bitcoin and Ethereum slipped to key support levels.
The price of Litecoin (LTC) turned negative as mounting downward pressure pushed the token under the critical $70 mark after a modest decline in the past 24 hours.
Seller dominance sent the altcoin down nearly 10% over the past week.
This drop comes amid escalating geopolitical tensions linked to uncertainty over Greenland and increased U.S. interest in Arctic territory currently administered by Denmark.
Weakening risk appetite for digital assets is exposing Litecoin to a correction back to levels not seen since April of last year.
Litecoin fails to hold $70 support
Litecoin’s price action turned bearish after peaking at $84 on January 6, 2026.
A pattern of lower highs and lower lows culminated in the break below the psychologically important $70 support level.
It is the first time in nearly a year that LTC has slipped this low, with market data showing a low of $68.45 during early U.S. trading on January 20.
Daily volume fell about 45% to roughly $413 million, suggesting the intensity of selling may be easing.
Notably, the $70 level aligns with a long-running downtrend that has been in place since early 2020.
The weekly chart also shows the 50-week exponential moving average (EMA) approaching a cross below the 200-week EMA.
When the 50-week EMA crosses beneath the 200-week EMA, it is commonly viewed as a long-term bearish signal.
In technical analysis this “death cross” often signals further weakness or underperformance; here it suggests the recent trend has weakened.
Weekly RSI is falling but has not yet reached oversold territory; the last time it did, LTC fell to lows near $46.
On-chain metrics reveal a rise in long liquidations.
According to Coinglass data, Litecoin recorded nearly $800,000 in 24-hour liquidations, while open interest of $564 million points to the potential for further downside pressure.
Support zones around $62 and $51 offer additional downside targets if selling persists.
Bitcoin and Ethereum slip to key levels
Global equities fell on Tuesday, and the move was mirrored in Bitcoin (BTC), which extended its correction amid geopolitically driven uncertainty around Greenland.
BTC dipped toward roughly $90,000 as buyers failed to reclaim key levels despite bullish corporate signals. Strategy’s announced purchase of 22,305 BTC for $2.13 billion—at an average price of $95,284 per coin—did not spur sustained buying.
Among major altcoins, Ethereum (ETH) lost more than 5% in the past 24 hours and trades near $3,000.
XRP also struggled to recover from recent gains, slipping to $1.92 as the broader crypto market weakened.
Geopolitical risk remains a key downside catalyst that could pressure these coins further in the near term.