- Litecoin price has fallen below $70, trading at lows last seen in April 2025.
- The decline follows a wider sell-off across the cryptocurrency market amid rising geopolitical tensions.
- Bitcoin and Ethereum have slipped to key support levels.
The price of Litecoin (LTC) turned negative as downward pressure intensified, with a modest drop over the past 24 hours pushing LTC below the critical $70 level.
Seller dominance contributed to the altcoin’s nearly 10% decline over the past week.
This weakness comes as geopolitical tensions increase, driven by uncertainty around Greenland and heightened U.S. interest in the Arctic territory currently governed by Denmark.
That reduced risk appetite for digital assets is exposing Litecoin to corrections that erase gains made in April of the previous year.
Litecoin fails to hold $70 support
Litecoin’s price action turned bearish after peaking at $84 on January 6, 2026.
A string of lower highs and lower lows culminated in today’s break of the psychologically important $70 support level.
For the first time in nearly a year, market data shows LTC dipping to a low of $68.45 during early U.S. trading hours on January 20.
However, daily volume has dropped about 45% to roughly $413 million, which could indicate a reduction in aggressive selling pressure.
Notably, the $70 level aligns with the long-term downtrend line that dates back to early 2020.
The weekly chart also shows the 50-week exponential moving average (EMA) is on the verge of crossing below the 200-week EMA.
A 50-week EMA crossing below the 200-week EMA is typically interpreted as a long-term bearish signal.
In technical analysis this “death cross” often signals a prolonged downturn or weakened momentum and, in this case, suggests the recent uptrend is losing strength.
The weekly RSI is declining but has not yet reached oversold levels; the last time it did, LTC fell to a $46 low.
On-chain metrics also point to a spike in long liquidations.
According to Coinglass data, roughly $800,000 worth of Litecoin long positions were liquidated in a 24-hour period. Meanwhile, open interest at about $564 million suggests a potential for intensified downside moves.
Support zones near $62 and $51 represent the next likely levels where buyers could step in.
Bitcoin and Ethereum slip to key levels
Global equities fell on Tuesday, and the weakness mirrored Bitcoin (BTC), which continued correcting amid geopolitical concerns tied to Greenland.
BTC dropped toward $90,000, and buyers were unable to defend key levels despite bullish corporate signals. Strategy’s announcement of a $2.13 billion purchase of 22,305 BTC—an average price of $95,284 per coin—failed to meaningfully attract buyers.
Among major altcoins, Ethereum (ETH) lost more than 5% over the past 24 hours and is holding near $3,000.
XRP also struggled to rebound following a recent spike and slipped to about $1.92 amid broader crypto market weakness.
Ongoing geopolitical risks could lead to further declines for these coins if risk-off sentiment persists.