- Litecoin’s price fell below $70, trading at levels last seen in April 2025.
- Declines follow a broader pullback across the cryptocurrency market amid rising geopolitical tensions.
- Bitcoin and Ethereum have dropped to key support levels.
Litecoin (LTC) has turned negative as downward pressure intensified, pushing the coin below the crucial $70 threshold after a modest decline in the past 24 hours.
Seller dominance has driven the altcoin nearly 10% lower over the past week.
This weakness comes as geopolitical tensions have increased, driven by uncertainties around Greenland and U.S. interest in Arctic territory currently under Danish jurisdiction.
The resulting drop in risk appetite for digital assets has left Litecoin vulnerable, bringing its price back toward levels seen in April of last year.
Litecoin fails to hold $70 support
Litecoin’s price action turned bearish after peaking at $84 on January 6, 2026.
A sequence of lower highs and lower lows culminated in the recent breach of the psychologically important $70 support level.
It is the first time in nearly a year that LTC has traded this low, with market data showing a trough at $68.45 during U.S. early trading hours on January 20.
Daily volume contracted by about 45% to roughly $413 million, suggesting heavy selling may be easing.
Notably, the $70 level aligns with a long-term downtrend line that began in early 2020.
The weekly chart also shows the 50-week exponential moving average (EMA) is poised to cross 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 “death cross” often indicates continued weakness; in Litecoin’s case it suggests the recent trend has lost momentum.
The weekly RSI is declining but not yet in oversold territory. The last time it reached oversold levels, LTC fell to $46.
On-chain metrics show an increase in long-position liquidations.
According to Coinglass data, Litecoin saw almost $800,000 in 24-hour liquidations. Meanwhile, an open interest figure around $564 million points to the potential for deeper declines.
Support zones near $62 and $51 represent the next areas buyers may defend.
Bitcoin and Ethereum slip to key levels
Global equities fell on Tuesday, and Bitcoin (BTC) extended its correction amid the geopolitical uncertainty surrounding Greenland.
BTC dropped toward the $90,000 area, with buyers unable to reclaim major levels despite positive corporate signals. Strategy’s announcement that it would acquire 22,305 BTC for $2.13 billion—an average of $95,284 per coin—failed to spur renewed buying.
Among major altcoins, Ethereum (ETH) fell more than 5% in the past 24 hours and is trading near $3,000.
XRP also failed to sustain a recent peak and slipped to $1.92 as the broader crypto market struggled.
Persisting geopolitical risks could drive further declines across these digital assets.