- Litecoin’s price fell below $70, touching lows last seen in April 2025.
- The decline followed a broader crypto market sell-off amid rising geopolitical tensions.
- Bitcoin and Ethereum dropped to key support levels.
The price of Litecoin (LTC) turned negative as mounting bearish pressure pushed the coin below the critical $70 mark after a modest decline over the past 24 hours.
Seller dominance has driven the altcoin down nearly 10% over the past week.
This downturn coincides with escalating geopolitical tensions tied to uncertainty around Greenland and U.S. interests in the Arctic territory currently under Danish control.
Waning risk appetite across 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 decisively bearish after peaking at $84 on January 6, 2026.
A series of lower highs and lower lows culminated in the breach of the psychologically important $70 support level.
For the first time in nearly a year, market data show LTC dropped to a low of $68.45 during early U.S. trading on January 20.
Daily volume, however, fell about 45% to roughly $413 million, suggesting the intensity of selling may be easing.
Notably, the $70 level coincides with a long-term downtrend line that began in early 2020.
The weekly chart also shows the 50-week exponential moving average (EMA) is about to cross below the 200-week EMA.
A 50-week EMA beneath the 200-week EMA is typically read as a long-term bearish signal.
In technical analysis this formation is known as the “death cross,” often indicating further weakness or a protracted downtrend, and in this case suggests the recent rally has lost steam.
Weekly RSI is declining but not yet in oversold territory; the last time it hit similar levels, LTC reached a low 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 at $564 million points to the potential for deeper losses.
Support zones around $62 and $51 provide further areas where buyers might step in.
Bitcoin and Ethereum slip to key levels
Global equities fell on Tuesday, and Bitcoin (BTC) mirrored that weakness, extending its correction amid geopolitical tensions tied to Greenland.
BTC dipped toward roughly $90,000, and buyers have struggled to reclaim key levels despite corporate signals. Strategy’s announcement that it bought 22,305 BTC — about $2.13 billion at an average price of $95,284 per coin — failed to spur a sustained buying response.
Among top altcoins, Ethereum (ETH) lost more than 5% in the past 24 hours and is trading near $3,000.
XRP also failed to rebound after recent gains and fell to $1.92 as the broader crypto market weakened.
Geopolitical risks could push these coins lower if market sentiment deteriorates further.