Litecoin/Tether (LTCUSDT) Market Overview

• Price declined from $109.08 to $101.20, reflecting bearish momentum.
• MACD Death-Cross signals historically underperform in LTCUSDT, suggesting limited short-term bearish edge.
• Key support at $101.20 and resistance at $105.43 may define near-term range.

Litecoin/Tether (LTCUSDT) opened at $106.98 on 2025-11-10 at 12:00 ET and closed at $101.20 on 2025-11-11 at 12:00 ET. The pair hit an intraday high of $109.08 and a low of $99.20. Total 24-hour volume amounted to 609,985.94 LTC, with notional turnover reaching approximately $60.7 million (calculated as volume × average price of ~$101.50). The pair appears to be consolidating after a sharp 15-minute intraday drop, with key support levels at $101.20–$102.00 and resistance at $105.43–$107.00.

Structure & Formations

Price action over the past 24 hours displayed a bearish reversal pattern, particularly on the candle closing at $101.20 at 17:00 ET. This candle, following a sharp drop from $102.75, formed a hanging man pattern, signaling potential bearish continuation. Notable support levels are forming at 61.8% Fibonacci (from the $102.75–$99.20 swing) near $101.20 and the 38.2% level near $102.00. On the daily chart, the 50SMA and 200SMA are converging, with LTCUSDT trading below both, suggesting a bearish bias.

Moving Averages

On the 15-minute chart, LTCUSDT closed below both the 20SMA and 50SMA, indicating downward momentum. The 50SMA is at ~$103.50 and the 20SMA at ~$104.70. On the daily chart, the 50SMA is approaching the 200SMA (~$102.20 and ~$103.50, respectively), with LTCUSDT currently below both. A break below $101.20 may prompt a test of $99.20, the lowest level in the past 24 hours.

MACD & RSI

MACD is bearish, with the fast line below the slow line and both in negative territory, reinforcing the bearish bias. RSI has stabilized in the 40–50 range, indicating neutral momentum. While not overbought, RSI has not yet reached oversold levels, suggesting there may be room for further downward correction before a potential rebound.

Backtest Hypothesis

Historically, MACD Death-Cross signals on LTCUSDT have shown limited effectiveness, with average 30-day returns of just +2.0% compared to a benchmark return of +0.95%. The win-rate peaks at ~60% around day 16–18, but the overall excess return is modest and lacks statistical significance. Early signals show slight negative drift, with meaningful gains materializing only after ~10 trading days. This suggests the MACD Death-Cross is not a reliable short-term bearish signal for LTCUSDT and may benefit from supplementary filters such as volume or trend strength.