Litecoin dips under $70 as geopolitical tensions gradual crypto momentum

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  • Litecoin worth fell under $70 and traded to its April 2025 low.
  • The decline follows a broader downturn within the cryptocurrency market amid geopolitical tensions.
  • Bitcoin and Ethereum have fallen to main assist ranges.

Litecoin (LTC) worth has turned detrimental amid mounting downward stress, with a slight decline over the previous 24 hours pushing LTC under the essential $70 degree.

Altcoin buying and selling has fallen practically 10% over the previous week attributable to sellers’ dominance.

This comes amid heightened geopolitical tensions, fueled by uncertainty over Greenland and U.S. pursuits within the Arctic, which is at present managed by Denmark.

Amid the correction to the degrees seen final April, what places Litecoin in danger is a weakening in danger urge for food throughout digital belongings.

Litecoin can not maintain $70 assist

Litecoin worth development turned bearish after hitting a excessive of $84 on January 6, 2026.

A collection of decrease highs and decrease lows broke at this time’s psychologically vital assist degree of $70.

That is the primary time in practically a yr that LTC fell to a low of $68.45 in early U.S. buying and selling on January 20, in line with market information.

Nevertheless, day by day quantity decreased by 45% to roughly $413 million, indicating that the heavy sell-off could also be thawing.

litecoin price chart
Litecoin worth chart by TradingView

Apparently, the $70 degree coincides with the long-term downtrend line from early 2020.

The weekly chart additionally reveals that the 50-week exponential transferring common (EMA) is about to drop under the 200-week EMA.

When the 50-week EMA falls under the 200-week EMA, it’s typically interpreted as a long-term bearish sign.

In technical evaluation, it is a “demise cross” and sometimes alerts draw back or underperformance, during which case it suggests a weakening of the latest development.

Though the weekly RSI is trending down, it has not entered oversold territory but, however the final time it reached the reference level, LTC worth hit a low of $46.

On-chain metrics additionally revealed a spike in lengthy place liquidations.

In response to information from Coinglass, Litecoin reached practically $800,000 in liquidations in 24 hours. In the meantime, open curiosity of $564 million signifies the decline might get even worse.

The world round $62 and $51 would be the subsequent assist zone.

Bitcoin, Ethereum fall to main ranges

World shares fell on Tuesday, a transfer mirrored by Bitcoin (BTC), which prolonged its correction amid geopolitical tensions associated to Greenland.

BTC has fallen to almost $90,000 and consumers haven’t been in a position to regain vital ranges regardless of bullish company alerts. Though Technique Inc. introduced that it could purchase 22,305 BTC for $2.13 billion (a median of $95,284 per coin), consumers remained unmoved.

Among the many prime altcoins, Ethereum (ETH) has fallen greater than 5% prior to now 24 hours, hovering round $3,000.

XRP did not rise once more amid the latest rally and fell to $1.92 because the cryptocurrency struggled.

Geopolitical dangers might trigger these cash to fall additional.