LTC holds above $43.00 as resistance at MA-20 limits bullish attempts: weekly report

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Litecoin gains 3.25% this week

Highlights

Litecoin remains under sustained selling pressure, trading well below key moving averages and indicating a persistent bearish trend.
Technical momentum and trend indicators overwhelmingly signal downside risk, though oscillators suggest selling exhaustion with no confirmed reversal.
Next week's forecast range is $39.00–$47.20, with low probability of upside and a sideways to lower bias dominant.

Bearish momentum persists this week as technicals reinforce downward bias

Weekly technical indicators confirm persistent bearish momentum for LTC. The price remains well below key weekly moving averages, with the Ichimoku Kijun also sitting above the current level, signaling resistance at MA-20. The W1 MACD and ADX both highlight strong selling activity, while oscillators such as RSI and Stochastic RSI are deep in oversold territory, revealing selling exhaustion with no confirmed reversal. Additional indicators, including CCI, Bull/Bear Power, and the Awesome Oscillator, all reinforce the bearish trend.

Sideways or lower moves expected next week amid persistent bearish signals

For the next 7 days, Litecoin is forecast to trade between $39.00 and $47.20, reflecting the amplitude of recent weekly volatility. With all key indicators still signaling bearish conditions and no buy signals present, there is a much higher probability of sideways or lower movement. A bullish breakout would require sustained buying above $47.20, while a renewed wave of selling could push LTC down to $39.00 or lower. The baseline scenario anticipates rangebound trading within the established support and resistance levels.

Jainam Mehta, market strategist, sees Litecoin’s weekly rebound as technically unconvincing given its persistent position below all major moving averages. He believes bearish momentum remains in control, while deep oversold signals suggest the possibility of short-lived bounces. Mehta notes the ongoing divergence between brief price recovery and heavy downside pressure, making any upside move above $47.20 unlikely without a change in trend structure. "Unless there is sustained buying above $47.20 this week, I expect Litecoin to range between $39.00 and $47.20 with downside risk prevailing."

Earlier, analysts noted that Litecoin continued to face significant bearish momentum amid persistent weakness across key technical indicators. The latest weekly action reinforces this trend, highlighting that sustained downside risks remain in focus, with traders advised to monitor for any decisive move beyond the $47.20 resistance or below the $39.00 support for a potential shift in momentum.

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

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