- Litecoin’s price fell below $70, hitting lows not seen since April 2025.
- Declines followed a broader crypto market sell-off amid rising geopolitical tensions.
- Bitcoin and Ethereum slipped to key support levels.
The price of Litecoin (LTC) turned negative amid growing downside pressure, with a modest drop in the past 24 hours pushing LTC beneath the critical $70 threshold.
Seller dominance has driven the altcoin to trade nearly 10% lower over the past week.
This weakness comes amid mounting geopolitical uncertainty linked to Greenland and U.S. interest in the Arctic territory currently administered by Denmark.
That decline in risk appetite for digital assets has put Litecoin at risk, following a correction to price levels last seen in April of the previous year.
Litecoin fails to hold $70 support
Litecoin’s price action turned bearish after reaching a peak of $84 on January 6, 2026.
A series of lower highs and lower lows culminated in today’s breach of the psychologically important $70 support level.
For the first time in nearly a year, market data shows LTC fell to an intraday low of $68.45 during the early U.S. trading session on January 20.
Daily volume, however, dropped about 45% to roughly $413 million, suggesting the intense selling may be cooling.
Notably, the $70 level aligns with a long-term downtrend line that dates back to early 2020.
The weekly chart also shows the 50-week exponential moving average (EMA) approaching a crossover below the 200-week EMA.
An EMA50 crossing beneath the EMA200 is typically read as a long-term bearish signal.
In technical analysis this pattern is known as a “death cross,” often signaling further weakness or an extended downtrend; in this case it suggests the recent momentum has waned.
The weekly RSI is declining but has not yet reached oversold territory; the last time it did, LTC fell to lows near $46.
On-chain metrics also reveal a rise in long position liquidations.
Coinglass data shows Litecoin saw nearly $800,000 in 24-hour liquidations, while open interest stands at $564 million — a level that could exacerbate further declines.
Support zones around $62 and $51 represent the next potential stopping points for price weakness.
Bitcoin and Ethereum fall to key levels
Global equities fell on Tuesday, and Bitcoin (BTC) mirrored the move, extending its correction amid geopolitical tensions tied to Greenland.
BTC dipped toward roughly $90,000, with buyers unable to reclaim key levels despite some bullish corporate news. Strategy’s announcement that it acquired 22,305 BTC for $2.13 billion — an average of $95,284 per coin — failed to spark a sustained recovery.
Among major altcoins, Ethereum (ETH) dropped more than 5% in the last 24 hours and remains near the $3,000 area.
XRP also failed to rebound following a recent spike and slid to about $1.92 as the broader crypto market struggled.
Ongoing geopolitical risks could push these digital assets lower if investor risk appetite continues to deteriorate.