Litecoin price prediction: More downside likely as LTC trades below $57 support

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Litecoin drops 8.23% to $52.73 today

Highlights

Litecoin's privacy layer MWEB reached record activity as the amount of LTC locked on the protocol surged over the past month.
The launch of LTC perpetual futures on OKX and expanded institutional participation across Coinbase, Binance, and Kraken have driven increased loan and payment usage.
LTC trades near $52.73, well below key moving averages, with bearish momentum and an 80% probability of further declines toward $50.00 support.

Record MWEB activity and new futures launch drive institutional flows

Litecoin's privacy layer MWEB has reached record activity levels, with a substantial increase in the amount of LTC locked on the protocol over the past month. The launch of LTC perpetual futures on OKX has attracted new interest from traders. Usage of Litecoin for loans and payments has also grown, supported by sustained institutional and exchange participation across major platforms such as Coinbase, Binance, and Kraken.

Bearish momentum intensifies amid high volatility and oversold readings

Momentum indicators are firmly bearish: MACD signals negative momentum and ADX (40.62) shows strong trend strength. Oversold signals are present on RSI (26.86), Stochastic RSI, and the Commodity Channel Index, while Bull/Bear Power’s deeply negative value signals continued seller dominance. The Awesome Oscillator aligns with this bearish momentum. The session opened higher but quickly reversed, with the price down to $52.73, a loss of 8.23% from the previous session, and sits near today’s low of the $52.83 – $59.41 range. Intraday volatility has been high, with pronounced pressure and no sign of recovery from the session open.

Further declines likely as downside risk outweighs reversal prospects

For the coming five days, LTC is likely to move within a recalibrated range of $50.00 to $57.00, consistent with both strong downside momentum and typical volatility. The probability of further price declines is very high (more than 80%), making a reversal much less likely at this stage. The baseline scenario is sideways movement as the market digests recent losses; a bullish scenario would require recovery above the Ichimoku Kijun at $68.71, while a bearish breakdown could bring a deeper test toward the $50.00 support zone.

Anton Kharitonov, expert at Traders Union, sees Litecoin facing persistent downside with strong bearish technical signals. He notes that recent rises in protocol activity and perpetual futures listings have failed to offset selling pressure. The analyst highlights the risk of further declines, with range-bound and defensive price action most likely in the coming days. "As long as LTC trades below $68.71, my outlook remains cautious and I see no reason to anticipate a meaningful rebound yet."

Last time, analysts noted that Litecoin was trading around $58, remaining below key moving averages with sustained bearish momentum and price action near the lower Bollinger Band. RSI readings suggested potential for short-term relief rallies, but a breakdown below $55 would target lower support levels and diminish prospects for a near-term recovery.

Source of Data: LTC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.