Litecoin drops with bearish momentum confirmed by MACD negativity: weekly analysis

Traders Union
All News
Crypto
Litecoin slips 5.67% over the week

Highlights

Litecoin trades well below major moving averages, reflecting sustained medium- and long-term selling pressure.
Momentum and oscillators point to a robust and persistent bearish trend, with multiple indicators confirming oversold conditions.
Expected price range for the week is $39.00 to $44.50, with a high probability of continued sideways or downward movement.

Halving anticipation fuels renewed scrutiny of litecoin’s market role this week

Recent attention has focused on Litecoin’s established status as a major altcoin ahead of an anticipated halving event. Market participants are monitoring the coin closely for potential shifts in demand and volatility tied to its unique role in the crypto ecosystem. Discussion has centered on Litecoin’s track record and the possibility of increased activity compared to other digital assets.

Bearish momentum dominates as oversold signals and resistance cap rebounds

Technical analysis on the weekly (W1) timeframe highlights a persistent bearish trend. Litecoin trades decisively below all major moving averages (MA-20, MA-50, MA-200), with the Ichimoku Kijun far above, designating the MA-20 ($52.21) as the nearest dynamic resistance area. Weekly support sits around $39.00, while resistance is found near $44.50. Momentum indicators reinforce a negative outlook: MACD maintains bearish momentum, ADX reflects a strong downtrend, and oscillators — RSI (29.55), Stochastic RSI (4.34), and CCI (-201.01) — are all deeply oversold. The Awesome Oscillator is negative, and Bull/Bear Power favors sellers, as weekly volatility remains high at 17.19%.

Continued weakness projected as bearish bias dominates upcoming week

For the next 7 days, W1 indicators project continued weakness with elevated volatility. The baseline scenario is sideways movement under pressure, with Litecoin likely to consolidate in the $39.00 to $44.50 range. A break below $39.00 would deepen the downtrend, while the probability of a sustained move above $44.50 is very low (less than 20%), as no key weekly indicators signal a bullish reversal. Traders should expect a prevailing bearish bias unless momentum materially improves.

Parshwa Turakhiya, analyst, notes that Litecoin stayed under pronounced technical pressure during the week, losing ground and trading deep below all its weekly moving averages. He sees persistent downside sentiment, with bears dominating as momentum and volatility remain skewed to the negative, and weekly oscillators deeply oversold. While some market focus remains on Litecoin’s place as a major altcoin, Turakhiya believes technical weakness will likely keep buyers sidelined. He expects pricing to consolidate between $39.00 and $44.50, with a bearish edge unless momentum shifts decisively. "Unless Litecoin can reclaim and hold above $44.50, I remain cautious and look for more sideways-to-lower action into next week."

Earlier, analysts noted that Litecoin remained under persistent downside pressure despite ongoing developments within its ecosystem. The current technical setup reinforces this bearish outlook and, given deeply oversold conditions and heightened volatility, traders should watch for a decisive move below the $39.00 support as a potential trigger for accelerated selling.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.