- Litecoin price fell below $70, trading at lows last seen in April 2025.
- The declines follow a broader pullback across the crypto market amid rising geopolitical tensions.
- Bitcoin and Ethereum slipped to key support levels.
The price of Litecoin (LTC) turned negative as increasing downside pressure pushed the altcoin below the critical $70 level after a modest dip over the past 24 hours.
Seller dominance drove LTC down nearly 10% over the past week.
This downturn comes amid escalating geopolitical tensions tied to uncertainties around Greenland and renewed U.S. interest in Arctic territories currently under Danish sovereignty.
That lower risk appetite for digital assets has left Litecoin vulnerable 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 reaching a high of $84 on January 6, 2026.
A series of lower highs and sharper declines culminated in today’s breach of the psychologically important $70 support level.
It’s the first time in nearly a year that LTC has traded this low; market data show it reached an intraday low of $68.45 during U.S. morning trading on January 20.
Daily volume eased by roughly 45% to about $413 million, suggesting the intensity of selling pressure may be slowing.
Notably, the $70 area coincides with a long-term descending trend that began in early 2020.
The weekly chart also shows the 50-week exponential moving average (EMA) poised to cross below the 200-week EMA.
A 50-week EMA beneath the 200-week EMA is commonly interpreted as a long-term bearish signal.
In technical analysis this “death cross” often signals further weakness or extended underperformance; here it suggests the recent trend has lost strength.
The weekly RSI is falling but has not yet entered oversold territory; the last time it did, LTC later touched a low near $46.
On-chain metrics also reveal a rise in long liquidations.
According to Coinglass data, Litecoin recorded nearly $800,000 in 24-hour liquidations. Meanwhile, open interest around $564 million points to the potential for a worsening decline.
Support zones near $62 and $51 represent the next areas where buying interest might emerge.
Bitcoin and Ethereum fall to key levels
Global equities declined on Tuesday, and cryptocurrencies mirrored the weakness as Bitcoin (BTC) extended its correction amid geopolitical concerns tied to Greenland.
BTC dipped toward roughly $90,000 as buyers failed to reclaim key levels despite bullish corporate announcements. Strategy’s reported acquisition of 22,305 BTC for $2.13 billion—at an average price of $95,284 per coin—did not spark a recovery in demand.
Among major altcoins, Ethereum (ETH) lost more than 5% in the last 24 hours and is trading around $3,000.
XRP also failed to rebound following recent gains, falling to $1.92 as the broader crypto market struggled.
Ongoing geopolitical risks could exert further downward pressure on these coins.