Litecoin today news: ETF withdrawal and weak indicators fuel continued downside pressure

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Litecoin slides 7.96% today to $77.28

Highlights

CoinShares has withdrawn US spot ETF filings for Litecoin, XRP, and Solana after submitting them to the SEC for a planned Nasdaq listing.
The withdrawal highlights persistent regulatory risks and challenges facing the approval of single-asset crypto ETFs in the US market.
Litecoin's network hash rate stabilized between 950 TH/s and 1.05 PH/s, with daily active addresses ranging from 180,000 to 220,000 across 80,000 to 110,000 transactions.

ETF withdrawals and hash rate gains highlight regulatory and network contrasts

CoinShares has withdrawn its US spot ETF filings for Litecoin, XRP, and Solana, following official submission to the SEC ahead of its planned Nasdaq listing. This regulatory move has sparked discussions about ongoing challenges and risks related to single-asset crypto ETFs. Separately, the Litecoin network's hash rate has improved to a range between 950 TH/s and 1.05 PH/s, and daily active addresses have stabilized between 180,000 and 220,000, based on 80,000 to 110,000 transactions each day.

Bearish momentum intensifies as technicals confirm oversold pressures

Momentum indicators confirm prevailing bearish sentiment. MACD is negative and suggests a sell bias, while ADX remains low at 15.73, indicating weak trend strength. RSI at 39.38, Stochastic RSI at 20.24, and CCI at -73.33 all point toward the oversold zone. Bull/Bear Power is deeply negative at -1.92 on the D1, showing clear seller dominance throughout the day. The Awesome Oscillator is also negative, supporting the bearish momentum. Litecoin opened at $82.43 after a slight gap down from the previous $83.96 close, then dropped sharply to $77.28, now trading near today’s low of $76.96. Intraday volatility is high, with continued pressure after the open and little sign of consolidation, matching the momentum indicators.

Downside risk elevated as volatile range traps Litecoin

For the coming five trading days, the expected range is $70.00 to $83.00, keeping price moves within ±8% of the current level and reflecting ongoing volatility. The probability of a further price decrease is very high (more than 80%), making a rebound less likely in the short term. The baseline scenario sees Litecoin trading sideways between $70.00 and $83.00 as bears and bargain hunters clash. A bullish scenario requires a decisive break above $83.00, which could target resistance near $89.00, while failure at $70.00 may accelerate declines toward lower weekly supports.

Viktoras Karapetjanc, senior analyst at Traders Union, believes Litecoin remains under pressure after the CoinShares ETF withdrawal and persistent seller dominance across timeframes. He sees stabilization in network activity but notes the market is grappling with regulatory doubts and clear bearish momentum. Near-term volatility is likely to stay elevated. The analyst expects sideways price action unless a break above $83.00 triggers a shift in sentiment. "Despite current bearish signals, I remain constructive — a decisive move above $83.00 could quickly restore optimism and spark a relief rally for Litecoin."

Previously it was noted that CoinShares withdrew its application to launch a Litecoin ETF in the US, leading to a shift in market sentiment. Technical indicators signaled ongoing bearish momentum, prompting the outlook for further downside risk as explained in further downside risk as volatility persists.

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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