Litecoin (LTC) Has Faced A Massive Drop As The Entire Crypto Market Experiences Intense Selling Pressure

Litecoin has faced a massive drop as the entire crypto market experiences intense selling pressure. Increased volatility has driven sharp price swings

Litecoin (LTC) has experienced a significant drop as the cryptocurrency market faces strong selling pressure. Increased volatility has led to rapid price swings, with LTC plunging from $130 to $100 in a matter of hours.

This steep decline has raised concerns among crypto traders as Litecoin struggles to maintain key support levels amid strong selling pressure.

The failure to break above higher price ranges suggests a weakened bullish structure, which could be setting up Litecoin for further declines if sellers manage to push through this support.

Litecoin Hits Key Level As Bulls Defend

Litecoin is currently testing a key liquidity level after months of price movements. Despite its turbulent price action, LTC has shown relative strength in recent weeks, managing to hold key support. However, it continues to struggle against major resistance.

The main issue facing Litecoin is its inability to break above supply levels, keeping price action in a tight pattern. While bulls have attempted to push LTC higher, sellers at major resistance levels have repeatedly stalled momentum. Without a decisive breakout, Litecoin remains in a consolidation phase, leaving traders in no-man’s land.

Top analyst BigCheds shared a technical analysis highlighting that this is the third time Litecoin has thrown back to the $100 level. Historically, higher time frame (HTF) key support zones get sold more times before breaking down, adding to the bearish sentiment on LTC. If the $100 level fails to hold, Litecoin could face a deeper correction, aligning with the broader market downturn.

Traders are now closely watching Litecoin's next move to see if it can stabilize or if another wave of selling will push it lower. With volatility still a major factor, LTC remains at a pivotal moment that will decide its direction.

LTC/USD Chart by TradingView

Price Action Breakdown: Key Levels To Watch

Litecoin is currently trading at $102 after a massive drop from the $130 mark, leaving bulls in a critical position to defend key levels. The recent decline has pushed LTC to the lower boundary of its trading channel, testing crucial support that has held multiple times in recent months.

So far, price action has respected both supply and demand zones, with resistance around $130-$140 and support near $100. This channel structure has defined Litecoin's movement, keeping it within a clear range-bound pattern. Bulls must now hold the current level to sustain this channel thesis, preventing further downside.

If Litecoin confirms a breakout above $130, it could signal the start of a new bullish trend, pushing LTC toward higher levels. But a break below $100 would indicate a loss of demand, likely triggering a deeper correction and increasing selling pressure.

For now, traders are closely watching whether LTC will hold or break its current support zone. The next major move will likely come from a decisive breakout in either direction, setting the stage for Litecoin's trend in the coming weeks.