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.

#Litecoin #LTCPricePrediction #WhiteHouseCryptoSummit #WhiteHouseCryptoSummit #BBWDocuSeries