Litecoin Risks a Further Dip below $116

Key Highlights

Litecoin falls to a low of $112
Litecoin may resume upside momentum above $130

Litecoin (LTC) Current Statistics

The current price: $119.90
Market Capitalization: $9,136,500,482.89
Trading Volume: $578,511,001.62
Major supply zones: $100, $120, $140
Major demand zones: $80, $60, $40

Litecoin (LTC) Price Analysis August 16, 2025

The price of Litecoin (LTC) resumes selling pressure at a high of $133 but risks a further dip below $116. On the downside, the altcoin has dropped to a low of $116 before resuming oscillation above the current support. On the downside, the bearish trend may extend to a low of $112 as the altcoin confronts another rejection at the $120 level.

On the upside, Litecoin is expected to resume its upward trend once it breaks above the $130 and $140 thresholds. On June 16, the retraced candle body hit the 38.2% Fibonacci retracement line. The retracement indicates that the LTC price will rise to the 2.618 Fibonacci extension, or $173.84. The current LTC price is $129.29.

Litecoin (LTC) Technical Indicators Reading

LTC price bars are above horizontal moving average lines and have long wicks. Long candlestick wicks imply significant selling pressure at a higher price level. On the 4-hour chart, the moving average lines have an upward slope, indicating an uptrend.

What Is the Next Move for Litecoin?

Litecoin is falling below the moving average lines but risks a further dip below $116. The altcoin has dropped to its prior low of almost $116. The altcoin is oscillating above the current support at $116 but below the moving average lines. If the present support level is breached, the cryptocurrency will decrease. The altcoin is anticipated to fall further to a low of $112. The crypto signal is negative as the altcoin trades in the bearish trend zone.

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