Litecoin (LTC) Price Is Trying to Make a Move — But the Charts Reveal a Lot More Caution Than Excitement

Litecoin (LTC) is trying to make a move—but the charts reveal a lot more caution than excitement. Hovering around the $74–$75 zone, LTC finds itself at a technical

Litecoin (LTC) price has been showing signs of an impending move, but a closer look at the charts reveals more caution than excitement. At the moment, LTC is hovering around the $74-$75 zone, placing it at a technical crossroads.

Is this a legit reversal setup as LTC tries to climb back above the 20-day Simple Moving Average (SMA), or is it just another dead cat bounce in a broader downtrend?

Let’s break down what’s really going on with Litecoin across both daily and hourly timeframes.

What’s Happening with Litecoin Price Right Now?

Litecoin is currently priced at approximately $74.83, down slightly on the day as it continues to consolidate after a minor push. There has been some strength in LTC throughout the past few days of trading, but on a larger scale, the asset is still struggling to break out of its major resistance zones.

After dropping from the $100+ range earlier this year, Litecoin has failed to fully reclaim even the most basic moving averages, which signals that bullish conviction is still lacking.

The recent attempt to climb back above $75 appears to be more of a short-term bounce than a confirmed breakout. Momentum is still quite slow, and buyers seem hesitant to push the price further without stronger cues from the broader crypto market.

Daily Chart Analysis: Bearish Pressure Still Dominates

On the daily timeframe, Litecoin remains under the shadow of a full bearish moving average ribbon. The 20-day, 50-day, 100-day, and 200-day SMAs are all stacked above the current price and are all trending downward.

This kind of alignment usually signals continued downside pressure, and LTC would need to clear at least the 20-day SMA around $78.56 to begin changing this narrative.

The volume profile on the daily chart doesn’t show any notable shifts, and the ADL (Accumulation/Distribution Line) is mostly flat. While there’s been some bounce activity, there’s no evidence yet of major players buying heavily into Litecoin.

Support lies in the $70-$72 range, which has acted as a floor in previous sell-offs. If this zone fails to hold, then LTC price could be exposed to a deeper correction toward $65 or even $60.

On the upside, we’ll be watching for a sustained move above the 20-day SMA to signal the start of a bullish trend. The next resistance to watch after that is at the 50-day SMA at $91, followed by the 100-day SMA at $103.

Hourly Chart: A Small Flicker of Strength

On the hourly chart, Litecoin shows more encouraging signs. After days of sideways movement in a tight band, LTC price has started to test some of its key short-term moving averages.

Recently, it pushed through the 20-hour and 50-hour SMAs, and it’s now encountering the 100-hour and 200-hour SMAs at the $75.60-$76.85 range.

This slight strength is also reflected in the ADL on the hourly timeframe, which is beginning to slope upwards. This indicates that some buyers are entering at these levels, likely anticipating a short-term breakout or a lighter touchpoint.

However, the compression of the moving average ribbon suggests that more volatility is coming—likely in the form of a breakout or breakdown in the next 24-48 hours.

If Litecoin breaks above the 200-hour SMA and closes an hourly candle above $76.85 on strong volume, then a move toward the 50-hour SMA at $78 or even $80 becomes more likely. But if the price gets rejected again from this ribbon and falls back below the 20-hour SMA at $74, it could mark the beginning of another bearish wave.

Is Litecoin Ready to Rally or Just Repeating History?

The setup right now feels eerily familiar. Litecoin price has made several attempts in recent months to regain traction, only to get rejected at key moving averages and continue sliding downward.

While the hourly chart hints at potential, the daily chart still screams caution. Unless LTC can close above the 20-day SMA at $78.50 and sustain that level with increasing volume and ADL confirmation, any upside momentum could vanish quickly.

One major wildcard here is the broader altcoin sentiment. If Bitcoin or Ethereum see a major breakout, then Litecoin could be pulled up in the rally. But on its own, Litecoin isn’s not yet showing the kind of strength we’d expect from a coin poised to lead a bull run.

Analyst Take: Levels to Watch and Trading Strategy

Litecoin price is still