LTCPricePrediction

In the past 24 hours, the price of Litecoin ($LTC ) has dropped by nearly 12%, trading at $102.40 at the time of writing. Its market capitalization has fallen to approximately $7.5 billion. This sharp decline is attributed to rising selling pressure, which has pushed LTC’s Relative Strength Index (RSI) into oversold territory and driven the Chaikin Money Flow (CMF) further into negative levels.

If the downward trend persists, LTC could test the support level at $92.5, with a potential to fall as low as $80. Such a decline would mark its lowest price since November 2024. Conversely, a recovery attempt might see LTC targeting resistance levels at $106, $111, and possibly even $119.

RSI Indicates Oversold Conditions for LTC

Over the past two days, Litecoin’s RSI has dropped sharply from 57.1 to 26.7, signaling that the asset is now in oversold territory and experiencing substantial selling pressure. Such a rapid decline typically results from panic selling or a pronounced bearish trend. However, since LTC is now oversold, a short-term rebound remains a possibility if buying interest re-emerges.

The RSI, a momentum indicator that ranges from 0 to 100, is used to gauge the strength of recent price movements. A reading above 70 suggests overbought conditions and potential selling pressure, while a reading below 30 indicates oversold conditions and possible buying opportunities. With LTC’s RSI at 26.7, the asset appears significantly oversold, suggesting a risk of a short-term bounce.

However, if the downtrend continues and the RSI declines further, Litecoin may struggle to find support and could experience additional losses before any potential recovery.

Chaikin Money Flow (CMF) Drops Below -0.20

The Chaikin Money Flow (CMF) indicator for Litecoin has also shown a bearish signal, falling to -0.21 from 0.03 within two days. Earlier, the CMF briefly dropped to -0.26—its lowest level since mid-February—further undermining market sentiment. A negative CMF suggests that more capital is exiting LTC than entering, increasing selling pressure.

The CMF ranges from -1 to 1, with positive values indicating capital inflows and negative values suggesting outflows. With LTC’s CMF at -0.21, it is clear that sellers currently dominate the market. The recent dip to -0.26 highlights the substantial outflow of capital, raising concerns of further losses unless a shift in sentiment occurs.

Can Litecoin Fall Below $90?

If the bearish trend continues, Litecoin could test the $92.5 support level, a historically significant area for buyers. A breach of this support might lead to a decline towards $80, which would represent LTC's lowest price since November 2024.

Given the bearish signals from momentum indicators like RSI and CMF, further declines are plausible unless buyers intervene to defend key support levels. On the upside, if LTC manages to reverse direction, it could regain momentum above $100. The first major resistance level is at $106, followed by $111 and potentially $119 if buying interest remains strong.

In conclusion, Litecoin’s immediate outlook appears bearish, with significant support levels at $92.5 and $80, while resistance lies at $106, $111, and $119. Market participants will need to closely monitor buying activity to gauge whether a rebound is feasible in the short term.

In the past 24 hours, Litecoin ($LTC ) has experienced a significant price drop of nearly 12%, trading at $102.40 at the time of writing. This sharp decline has led to a reduction in its market capitalization to approximately $7.5 billion. The price drop is primarily attributed to intensifying selling pressure, which has pushed Litecoin’s Relative Strength Index (RSI) into oversold territory and further driven the Chaikin Money Flow (CMF) into negative levels.

Should the current downward trend persist, Litecoin may test the key support level at $92.5, with the potential to decline as low as $80. Such a drop would represent LTC’s lowest price since November 2024.

However, in the event of a recovery, Litecoin could target resistance levels at $106, $111, and potentially even $119.

RSI Signals Oversold Conditions for Litecoin

Over the past two days, Litecoin’s RSI has fallen sharply from 57.1 to 26.7, indicating that the cryptocurrency is now in oversold conditions and under considerable selling pressure. This rapid decline is often associated with panic selling or a pronounced bearish market trend. Despite this, with LTC now in oversold territory, there remains a possibility for a short-term rebound if buying interest returns.

The RSI is a momentum indicator, ranging from 0 to 100, which helps assess the strength of recent price movements. A reading above 70 typically indicates overbought conditions, while a reading below 30 signals oversold conditions and potential buying opportunities. With LTC’s RSI at 26.7, the asset appears to be significantly oversold, suggesting that a short-term price bounce could occur. However, should the downtrend continue and the RSI decline further, Litecoin may struggle to find support, potentially resulting in additional losses before any recovery takes place.

Chaikin Money Flow (CMF) Reflects Bearish Sentiment

The Chaikin Money Flow (CMF) indicator for Litecoin has also displayed a bearish signal, dropping from 0.03 to -0.21 over the past two days. Earlier, the CMF briefly dipped to -0.26, marking its lowest point since mid-February, which further weakens market sentiment. A negative CMF suggests that more capital is exiting Litecoin than entering, adding to the selling pressure.

The CMF ranges from -1 to 1, with positive values indicating capital inflows and negative values pointing to outflows. With LTC’s CMF at -0.21, it is clear that sellers currently dominate the market. The recent drop to -0.26 highlights a significant capital outflow, raising concerns about further price declines unless market sentiment shifts.

Potential for Litecoin to Fall Below $90

If the bearish trend persists, Litecoin could test the $92.5 support level, a historically significant area for buyers. A break below this level could lead to a further decline toward $80, marking the lowest price for LTC since November 2024. Given the negative signals from both the RSI and CMF, further price declines are possible unless buying activity emerges to defend these key support levels.

On the other hand, if Litecoin manages to reverse its current downward trajectory, it may regain momentum and push above the $100 mark. The initial resistance levels to watch are at $106, followed by $111, and potentially $119 if buying interest strengthens.

Conclusion

In summary, Litecoin’s immediate outlook appears bearish, with critical support levels at $92.5 and $80, while resistance is situated at $106, $111, and $119. Market participants should closely monitor buying activity to assess the likelihood of a short-term rebound. A continuation of the downtrend seems plausible unless buyers intervene to defend key support levels, while a recovery would require a shift in market sentiment and renewed buying interest.