- Litecoin’s price fell below $70 as trading reached April 2025 lows.
- The declines follow a broader cryptocurrency market downturn amid rising geopolitical tensions.
- Bitcoin and Ethereum declined to key support levels.
Litecoin (LTC) has turned negative as downward pressure intensified, and a modest 24-hour drop pushed LTC beneath the critical $70 level.
Seller dominance has driven the altcoin nearly 10% lower over the past week.
This weakness comes amid escalating geopolitical tensions, fueled by uncertainties around Greenland and renewed U.S. interest in the Arctic territory currently under Danish jurisdiction.
Risk aversion toward digital assets raises the possibility that Litecoin could correct back to April of last year.
Litecoin fails to hold $70 support
Litecoin’s price trend shifted downward after peaking at $84 on January 6, 2026.
A series of lower highs and lower lows led to today’s breach of the psychologically important $70 support level.
It is the first time in nearly a year that market data shows LTC trading as low as $68.45 during early U.S. trading hours on January 20.
Daily volume has fallen about 45% to roughly $413 million, suggesting the heavy selling pressure may be easing.
Notably, the $70 level coincides with a long-term downtrend that began in early 2020.
The weekly chart also shows the 50-week exponential moving average (EMA) moving toward a crossover below the 200-week EMA.
A 50-week EMA crossing under the 200-week EMA is typically interpreted as a long-term bearish signal.
In technical analysis this pattern is known as a “death cross,” which often signals a prolonged downtrend or weak performance; here it points to recent trend deterioration.
The weekly RSI is declining but has not yet reached oversold territory; the last time it hit a similar level, LTC’s price bottomed near $46.
On-chain metrics also reveal rising long-position liquidations.
According to Coinglass data, Litecoin has seen nearly $800,000 in 24-hour liquidations. At the same time, open interest around $564 million suggests the decline could intensify.
Support zones near $62 and $51 represent the next potential floors.
Bitcoin and Ethereum slide to key levels
Global equities fell on Tuesday, and Bitcoin (BTC) mirrored that weakness as it continued to correct amid geopolitical tensions related to Greenland.
BTC has fallen toward $90,000, and buyers have not been able to restore critical levels despite bullish signals. Strategy’s announcement of acquiring 22,305 BTC for $2.13 billion—an average of $95,284 per coin—did not spur sustained buying.
Among major altcoins, Ethereum (ETH) dropped more than 5% in the past 24 hours and is trading near $3,000.
XRP failed to maintain recent gains and slid to $1.92 as cryptocurrencies broadly struggled.
Geopolitical risks could push these coins lower if market sentiment deteriorates further.