Litecoin has been moving sideways over the past month, and its price now trades at around $116. It is near a strong resistance level that has consistently caused LTC price crashes since 2023.
Now that the price is close to that resistance again, crypto analyst Ali on X says that another crash toward $50 cannot be totally ruled out.
Ali posted a weekly chart that lays out two clear paths for Litecoin price. One path keeps the uptrend intact, while the other leads lower if key supports fail.
The weekly chart draws horizontal lines close to $140, $80 and $50. Candles show steady pushes higher followed by sharp pullbacks. Long candle wicks point to volatile rejections at higher prices.
A clean weekly close above resistance near $140 would add room for further upside and reduce the chance of a deep drop. Failure to hold $80 increases odds that momentum will push price lower.
A weekly close below $80 would shift structure from bullish to more bearish, while a steady hold above $80 keeps the uptrend intact. Reaching $50 would require several structure breaks that take time and momentum.
Technical Indicators for LTC Price and What Each Value Tells Us
We looked into the technical indicator reasons from investing.com and this is what the metrics show.
| Name | Value | Action |
|---|---|---|
| RSI(14) | 54.207 | RSI near 54 shows balanced momentum with no clear trend strength |
| STOCH(9,6) | 72.373 | Stochastic above 70 points to bullish momentum but not extreme overbought pressure |
| STOCHRSI(14) | 68.242 | StochRSI near 68 indicates ongoing buying interest without clear exhaustion |
| MACD(12,26) | 1.8 | Positive MACD favors short term buyers and rising momentum |
| Williams %R | -35.634 | Williams %R around -35 sits in bullish to neutral range |
| Highs/Lows(14) | 1.3316 | Highs to lows ratio above 1 shows more new highs than new lows over the lookback |
| ROC | 9.846 | Rate of change near 9.8 signals recent upward movement in price |
This indicator set leans toward buyers, and this is quite understandable. The current trajectory is bullish, and there is a chance that the price will finally break out. However, based on the patterns we have observed over the past years, we cannot rule out the chances of a dip to $80 and even $50.