Bearish momentum for Litecoin — large holders re-emerge as ETF hopes fade

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Litecoin slips 0.28% today to $84.47

Highlights

CoinShares has withdrawn its application to launch a Litecoin ETF in the US, halting plans to list the fund in American markets.
Large previously dormant Litecoin holders have shown renewed activity, signaling potential shifts in major LTC ownership dynamics.
Litecoin continues to be used as a decentralized digital asset with steady community engagement and maintained operational functionality.

ETF withdrawal and whale activity shift sentiment and positioning

CoinShares has withdrawn its application to launch a Litecoin ETF in the US, ending efforts to list the fund. There has also been renewed activity from previously dormant large LTC holders. Overall, Litecoin continues to position itself as a decentralized digital asset with steady community use and ongoing functionality.

Bearish momentum persists as technical signals support downside

Daily momentum remains bearish, as both MACD and ADX on the D1 chart point to weak directional strength and negative momentum. Most oscillators show sellers dominate: RSI is at 40.97 with a sell bias, Stoch RSI and CCI are both in oversold territory, and the BBP confirms seller dominance with an oversold reading of –1.23. There was a minor gap down at today’s open ($84.25 vs previous close $84.71), and the current price sits mid-range within today’s $84.10 – $85.71 band, indicating moderate volatility and sideways pressure following the open. Intraday signals are mostly aligned, with both momentum and oscillators supporting the downward daily move of 0.28%, and there is no significant divergence among the indicators.

Further weakness likely as low breakout odds cap upside

Looking ahead, the anticipated price range for the next five trading days is $82.50 to $87.50, normalized to reflect typical volatility levels and anchored around the current price. There is a very low probability (less than 20%) of a sustained increase, while a further decline is more likely given overwhelmingly bearish weekly and daily signals. In the baseline scenario, price remains rangebound between $82.50 and $87.50 as sellers control the market. Under a bullish scenario, LTC would need to break above resistance at $87.50, but the likelihood is low unless momentum sharply reverses. If bearish pressure intensifies, a break below $82.50 could trigger more downside toward lower supports.

Anton Kharitonov, analyst at Traders Union, sees continued weakness for Litecoin as technical signals remain bearish across all key timeframes. He notes that the failed ETF effort and renewed activity from large holders underscore low institutional confidence and ongoing selling pressure. The base scenario remains a range between $82.50 and $87.50, with little chance of an upside shift unless momentum sharply reverses. "Unless LTC breaks above $87.50, I remain cautious and view any rallies as opportunities to reduce exposure."

Previously it was noted that CoinShares withdrew its altcoin ETF filings, including a Solana staking ETF, as ‘products stall in a weak market and the firm prepares for public listing’. The firm’s decision to halt the launch may reflect restructuring plans or a focus toward its U.S. market listing, as described in products stall in a weak market.

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.