Litecoin (LTC/USD) Price Analysis: Market Stabilizes After Entering Oversold Territory

Litecoin (LTC) Current Statistics

The current price: $57.12

Market Capitalization: $4.6 billion

Trading Volume: $493 million

Major supply zones: $70, $75, $80

Major demand zones: $55, $50, $45

 

Litecoin (LTC) Price Analysis February 4, 2026

Last week, the Litecoin market remained relatively stable above the $67 price level, leading to a period of consolidation around that zone. However, in more recent daily trading sessions, Litecoin was not spared from the broader downside volatility that swept across the cryptocurrency market. This selling pressure forced bulls to lose their footing at the $67 level.

As a result, buyers were compelled to regroup around the $57 support level. At this price zone, market indicators suggest that Litecoin is trading in oversold territory, signaling potential exhaustion in the bearish move and increasing the likelihood of a short-term stabilization or rebound.

LTC/USD – Weekly Chart

 

LTC Technical Indicators Reading

Both the Bollinger Bands indicator and the Relative Strength Index currently suggest that the Litecoin market is in oversold territory. These crypto signals may encourage a bullish bias among traders, as oversold conditions often precede a corrective rebound.

However, recent price action indicates that bearish pressure has been quite significant. The $60 price level, which was initially expected to act as a strong support zone for bulls, failed to hold. This breakdown forced buyers to regroup around the $57 level. Although a modest bullish recovery is underway, the $60 level has now flipped into a key resistance zone and is proving resilient against upside attempts.

Conclusion

In summary, while Litecoin is currently showing signs of bearish exhaustion, the broader price structure still reflects caution. Oversold readings from key indicators such as the Bollinger Bands and RSI suggest the potential for a short-term recovery, but the market must overcome the strong resistance at the $60 level to confirm a meaningful bullish reversal. Until then, price action is likely to remain sensitive to renewed selling pressure, with the $57 and $50 levels standing out as critical support zones to watch. Traders should remain patient and look for confirmation before positioning aggressively in either direction.

LTC/USD – 4 Hour Chart

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