Litecoin (LTCUSDT) Market Overview: Sharp 24-Hour Correction Amid High Volume

• Litecoin (LTCUSDT) dropped 8.0% in 24 hours, breaking key support and testing 111.50–112.00.
• Volume surged above 400k LTC, but price fell, indicating bearish divergence.
• A long lower shadow at 118.19 suggests rejection near 118.00.
• RSI hit oversold territory, but no rebound has followed, hinting at exhaustion or bearish continuation.
• Bollinger Bands widened sharply during the sell-off, signaling heightened volatility.

Litecoin (LTCUSDT) opened at $119.83 on 2025-08-24 at 12:00 ET and closed at $111.70 by 12:00 ET on 2025-08-25. The price reached a high of $124.73 and fell to a low of $110.70, a drop of 8.0%. Total volume traded over 422,245 LTC, with a notional turnover of approximately $48.4 million.

Structure & Formations

Price broke a key support level near $118.00 during the overnight hours, confirmed by a bearish engulfing pattern as LTCUSDT moved below $118.00. A doji formed at $118.19, signaling a potential short-term pause, but the failure to retest above $118.80 suggested bearish control. The $112.00–113.00 area now appears to be the next probable support, having been tested twice in the final 15-minute candles.

Moving Averages

On the 15-minute chart, LTCUSDT is well below both the 20-EMA and 50-EMA, confirming a strong bearish bias. The 20-EMA has been trending downward at a steeper rate than the 50-EMA, suggesting continuation of the move. On the daily chart, the 50- and 100-day SMAs are crossed, but LTCUSDT is well below both, aligning with a downtrend continuation. The 200-day SMA currently resides around $125.00, and a further drop could target that level for a potential bearish confirmation.

MACD & RSI

MACD lines remained in negative territory with bearish divergence as price continued lower even after the MACD hit a new low. The histogram contracted after the overnight sell-off but did not show a strong reversal signal. RSI dipped into oversold territory (around 28) at the close of the 24-hour period, yet no meaningful bounce followed. This suggests either a lack of buying interest or a continuation of bearish momentum into the next session.

Bollinger Bands

Bollinger Bands saw a sharp expansion during the sell-off, reflecting a volatility spike. The price closed near the lower band of the current bands, suggesting potential for a bounce or further weakness. The current 15-minute BBs have the middle band at $112.75 and the upper band at $114.50. If LTCUSDT fails to hold the lower band, the next support is likely the $110.00 psychological level.

Volume & Turnover

Volume spiked dramatically during the overnight hours, with a single candle (2025-08-24 19:45 ET) showing over 74k LTC traded, the largest single 15-minute volume of the 24-hour period. However, this was followed by a sharp drop and a large negative candle to $118.19. The high volume paired with a price drop signals bearish confirmation rather than reversal. Turnover aligned with the volume pattern, showing a peak of over $10.2 million in one 15-minute period.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from $118.80 to $124.73, the 61.8% retracement level is at $121.35. LTCUSDT broke this level decisively, now testing the 78.6% level near $117.00. On the daily chart, the 61.8% retracement of the recent bear move from $125.00 to $110.70 is at $117.85. A bounce from the 78.6% level would be bearish continuation.

LTCUSDT may continue to trend lower in the next 24 hours if the $112.00–113.00 support fails. A break below $110.00 could accelerate the move. Investors should monitor the RSI and volume for signs of a potential short-term bounce, but for now, the bias remains clearly bearish.