Litecoin Declines but Lingers Above the $60 Support

Key Highlights

Litecoin plunges to $60 low
Litecoin reaches the bottom price level

Litecoin (LTC) Current Statistics

The current price: $65.71
Market Capitalization:  $4,961,930,616.76
Trading Volume: $1,037,738,459.74
Major supply zones: $100, $120, $140
Major demand zones: $80, $60, $40

Litecoin (LTC) Price Analysis April 7, 2025

Litecoin (LTC) drops sharply today but lingers above the $60 support. The crypto asset is getting close to its lowest price of $60. The price indicator has predicted a further decline after the lowest price level. A retraced candle body tested the 38.2% Fibonacci retracement level during the price decline on February 25.

The upward correction suggests that there is a chance that Litecoin will continue to fall. On the downside, Litecoin will drop to the Fibonacci extension level of 2.618, or $55.92. According to price action, the altcoin has fallen to a low of $64.56 as at the time of the writing.

Litecoin (LTC) Technical Indicators Reading

The moving average lines have a bearish crossover and are sloping downward. The price bars’ resistance line is the 21-day SMA. Litecoin began to lose momentum as it was rejected at the 21-day SMA barrier. The presence of Doji candlesticks indicates that the cryptocurrency is moving slowly.

What Is the Next Move for Litecoin

Litecoin breaks below the $90,000 support but lingers above the $60 support. The altcoin fell above the $60 support, although it is currently lingering above it. The anticipated price level will be reached by the bearish momentum. The altcoin is correcting upward in the interim, which will cause further declines. The altcoin is still moving in a bearish direction, and the crypto signal is negative.

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