- Litecoin price fell below $70, trading to lows seen in April 2025.
- Declines follow a broader cryptocurrency market downturn amid geopolitical tensions.
- Bitcoin and Ethereum dropped to key support levels.
Litecoin (LTC) price has turned negative amid mounting downward pressure, with a slight dip in the past 24 hours pushing LTC below the critical $70 mark.
Seller dominance has the altcoin trading nearly 10% down over the past week.
This comes amid escalating geopolitical tensions fueled by uncertainties surrounding Greenland and the United States’ interest in the Arctic territory currently under Denmark.
It’s this dampening risk appetite across digital assets that has Litecoin at risk amid a correction to levels seen in April last year.
Litecoin fails to hold $70 support
Litecoin’s price action turned bearish after hitting a high of $84 on January 6, 2026.
A series of lower highs and lows led to today’s breach of the psychologically vital $70 support level.
It’s the first time in nearly a year, with market data showing LTC dipped to a low of $68.45 during early US trading hours on Jan. 20.
Daily volume, however, shrank 45% to about $413 million, indicating a potential thaw in heavy selling.
Interestingly, the $70 level coincides with a long-term downtrend line from early 2020.
The weekly chart also shows that the 50-week exponential moving average (EMA) is about to cross below the 200-week EMA.
A 50‑week EMA crossing below the 200‑week EMA is generally interpreted as a long‑term bearish signal.
In technical analysis, this is a “death cross,” and often suggests downside or weak perfor