Long-term chart shows consolidation under $100 as bears retain technical control
Litecoin (LTC) continues to show weakness in its long-term price structure, with the asset dropping below $100 this week amid ongoing pressure across the altcoin market. Despite recovering slightly from last week’s market-wide crash, LTC remains in a broader downtrend, forming a series of lower highs and lower lows on the weekly chart.
As of publication, LTC trades around $95.50, marking a 3.5% intraday decline. Technical indicators suggest that Litecoin is revisiting its key demand zone between $85 and $95, represented by the wide green support band visible on the chart. Historically, this region has acted as a strong base, with several rebounds occurring from similar levels over the past two years.
However, analysts caution that failure to hold this support could trigger a deeper correction toward the next psychological level near $70, especially if Bitcoin volatility continues to unsettle the market.
“Litecoin is still making lower lows on the macro chart, and that’s a clear sign of persistent bearish momentum,” explained BITX technical strategist. “Unless the weekly candle closes back above $105, the risk of further downside remains elevated.”
The upper resistance zones, highlighted in red around $140 and $360, remain critical barriers that LTC must reclaim to confirm any sustainable trend reversal. Between 2021 and 2023, Litecoin consistently failed to break above this descending resistance channel, signaling exhaustion from long-term holders.
“We’re in a consolidation cycle where buyers are defensive but not aggressive,” According to BITX analysts. “The $90 region is where institutional bids often appear, but without new inflows, upside potential stays limited.”
Despite the current weakness, some traders see opportunity in accumulation near historical support. On-chain activity and mining difficulty have remained stable, indicating that network fundamentals are intact even as price action weakens.
For now, Litecoin’s technical outlook stays neutral-to-bearish, with traders closely watching whether the $85–$95 zone can sustain a bounce or give way to deeper retracement levels.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.