Litecoin (LTC) Nearing Sell-Off Level – What’s Next?

Jakarta, Pintu News – In the past 24 hours, Litecoin (LTC) has declined by 5.6%, which brings its market capitalization close to $6.3 billion due to mounting selling pressure. This sharp decline has pushed key technical indicators into bearish territory, with momentum metrics weakening rapidly.

Litecoin Relative Strength Index Approaches Sell Saturation Region

The Relative Strength Index (RSI) of Litecoin has dropped drastically to 35.92, down from 61.4 in just a day, reflecting a rapid shift in market momentum. The RSI is a momentum oscillator that measures the speed and magnitude of recent price changes, helping traders identify potential overbought or oversold conditions.

Values above 70 usually indicate that the asset is overbought and may require a correction, while values below 30 indicate that the asset may be oversold and potentially ready for a rebound. With Litecoin’s RSI now sitting just above the oversold threshold, this indicator suggests a weakening of bullish momentum and an increase in selling pressure.

Also Read: Ethereum (ETH) Prepares for a Surge: Bullish Signs Strengthen

Bearish Configuration on Litecoin’s Ichimoku Cloud

Litecoin’s Ichimoku Cloud chart currently shows a bearish configuration, with price action well below the red cloud (Kumo), signaling downward momentum. The major span lines-Senkou Span A (green) and Senkou Span B (red)-form a red cloud ahead, suggesting that the bearish trend may continue in the short term.

Additionally, the Tenkan-sen (blue) line has crossed below the Kijun-sen (red), further confirming the bearish bias. This suggests that selling pressure may continue, and investors should be wary of a potential further decline.

Litecoin Near Key Support While EMA Shows Bearishness

Litecoin price is currently near a key support level at $83.11, with price action showing signs of weakening momentum. The EMA structure is bearish, as the short-term moving average remains below the long-term one-often interpreted as a signal of continued decline.

For now, the market is at a technical crossroads, with risks and opportunities hinging on the $83.11 support zone. If Litecoin does not find sufficient support at this level, there is a chance that the price will continue to fall before any meaningful recovery attempt.

Conclusion

With various technical indicators showing increasing selling pressure, Litecoin’s future seems to be filled with challenges. Investors and traders should pay attention to these indicators to make informed decisions in managing their portfolios. Monitoring key support levels and changes in momentum indicators will be crucial in determining Litecoin’s future price direction.

Read More: Will Selling Pressure Shake Chainlink’s Bullish Dominance?

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. Litecoin Price Oversold Technical Analysis. Accessed on June 19, 2025
• Featured Image: Unsplash