Litecoin Price Drops Below $75: Is Another Crash Coming?

Litecoin (LTC), often referred to as the “silver to Bitcoin’s gold,” is once again under pressure. Despite an attempt to push above the $100 mark on March 27, the altcoin failed to hold the momentum. Instead, it has slid nearly 15% over the past month and is currently trading below $75. Historically, this level has acted as a floor for the coin—but this time, things look different.

With a weakening technical structure and fading buying pressure, Litecoin might be heading for deeper losses. Let’s take a closer look at the current state of LTC and what could be next for the popular cryptocurrency.

Currently Litecoin Price trading at $74.96 as per Coinpedia Market data.

For a more detailed Litecoin Price Prediction 2030, check out our full analysis!

Technical Breakdown: Litecoin Faces Strong Resistance

One of the biggest concerns for LTC right now is its inability to break through key resistance levels. The price has repeatedly tested—but failed to clear—important zones at $78.17 and $94.04. This is a bearish sign and suggests that sellers are still in control.

The Awesome Oscillator (AO), which measures market momentum, is currently in negative territory with a reading of -7.50. A negative AO indicates that downward momentum is stronger than upward momentum. Until this flips, LTC is likely to remain under pressure.

Accumulation Has Stalled, Buyers Step Back

Another warning signal comes from the Accumulation/Distribution (A/D) line, which has stayed flat for several days. This means that there’s very little buying pressure—investors are not accumulating LTC at current levels.

In previous downtrends, accumulation usually picked up once Litecoin hit a support zone, but that hasn’t happened this time. The absence of demand suggests that confidence in a near-term recovery is weak.

RSI Nearing Oversold but No Bounce Yet

The Relative Strength Index (RSI), a momentum indicator, is currently sitting at 38.43 on the daily chart. This number is approaching the oversold zone, which begins at 30.

Typically, when the RSI falls below 30, a bounce may follow. However, at this point, there’s no sign of a sharp rebound. Instead, the RSI is gradually declining, indicating that momentum remains on the downside. If it continues to drop, it could signal further weakness for Litecoin.

Ichimoku Cloud Signals Resistance

The Ichimoku Cloud, another tool used to identify support and resistance levels, also paints a bearish picture. Currently, Litecoin is trading below the cloud, which typically means the asset is facing strong resistance. When the price is under the cloud, rallies tend to be short-lived unless major bullish volume enters the market.

Based on current readings, if the downtrend continues, Litecoin could find its next major support around $63.24—a level that previously held during market corrections.

Is There Any Hope for a Reversal?

While most indicators suggest a bearish outlook, there's still a slim chance of recovery—if buying interest returns. A breakout above $78.17 could push LTC towards $82.88, a region near the 0.236 Fibonacci retracement level.

Breaking that zone could open the door for a move to $95.18 and, in a strong bullish scenario, even $115. However, such a rally would likely require a broader market turnaround or a fundamental catalyst.

Patience or Panic?

Litecoin is clearly in a tough spot. With technical indicators leaning bearish, low buying volume, and failure to reclaim key resistance zones, the path of least resistance appears to be downward—for now.

However, crypto markets are known for their volatility and unpredictability. A sudden shift in sentiment could change Litecoin’s direction quickly. For investors, it may be wise to wait for confirmation of a reversal before jumping in. Until then, caution is the name of the game.