Litecoin Struggles Below $75, Faces Bearish Pressure

Litecoin (LTC) is currently at a critical juncture, with traders closely monitoring its movements. Priced at approximately $74.83, Litecoin is consolidating after a minor push, struggling below its major resistance zones. The recent attempt to climb back above $75 appears to be more of a short-term bounce than a confirmed breakout, with momentum slow and buyers hesitant to push the price further without stronger cues from the broader crypto market.

On the daily timeframe, Litecoin remains under the shadow of a full bearish moving average ribbon. The 20-day, 50-day, 100-day, and 200-day SMAs are all stacked above the current price and trending downward, signaling continued downside pressure. LTC would need to clear at least the 20-day SMA around $78.56 to begin changing this narrative. The volume profile on the daily chart doesn’t show any notable increase in accumulation, and the ADL (Accumulation/Distribution Line) is mostly flat, indicating that major players are not heavily buying into Litecoin.

Support lies in the $70–$72 range, which has acted as a floor in previous sell-offs. If this zone fails to hold, LTC price could be exposed to a deeper correction toward $65 or even $60. On the upside, reclaiming $78.50 would be the first bullish sign, followed by stronger resistance around $91 and $103. These zones coincide with the 50-day and 100-day SMAs respectively, which will be tough hurdles for bulls to overcome.

On the hourly chart, Litecoin shows more encouraging signs. After days of sideways movement, LTC price has started to test some of its key short-term moving averages. It recently pushed through the 20-hour and 50-hour SMAs and is now wrestling with the 100-hour and 200-hour SMAs around the $75.60–$76.85 range. This slight strength is also reflected in the ADL on the hourly timeframe, which is beginning to slope upwards, indicating that some buyers are entering at these levels, likely anticipating a short-term breakout. However, the compression of the moving average ribbon suggests that volatility is coming—likely in the form of a breakout or breakdown in the next 24–48 hours.

If Litecoin breaks above $76.85 on strong volume, a move toward $78 or even $80 becomes likely. But if the price gets rejected again from this ribbon and falls back below $74, it could mark the beginning of another bearish wave. The setup right now feels eerily familiar. Litecoin price has made several attempts in recent months to regain traction, only to get rejected at key moving averages and continue sliding downward. While the hourly chart hints at potential, the daily chart still screams caution. Unless LTC can close above $78.50 and hold that level with rising volume and ADL confirmation, any upside momentum could vanish quickly.

One major wildcard here is the broader altcoin sentiment. If Bitcoin or Ethereum see a major breakout, Litecoin could be pulled up in the rally. But on its own, Litecoin isn’t showing the kind of strength we’d expect from a coin poised to lead a bull run. Litecoin price is still range-bound, and until it proves otherwise, this should be a trader’s core assumption. The immediate range is between $72 and $78, and this is where most of the price action will likely unfold unless a major breakout or breakdown occurs. Swing traders should wait for a confirmed close above $78.50 to consider a bullish bias, while scalpers can trade the short-term volatility within the range.

Support to watch sits at $70—if that level breaks, expect LTC price to slide fast. On the other hand, reclaiming the 20-day SMA could open up a short-term rally toward $91, especially if altcoin interest returns. Litecoin has a chance to regain strength, but right now, it's on shaky ground. The short-term charts suggest some relief and minor accumulation, but the higher timeframes still lean bearish. Whether LTC rallies or retraces further will depend largely on how it performs near the $76–$78 resistance band. Until then, the smart move is caution. The technicals aren't screaming "buy" just yet.