Litecoin Loses Key Support: Will It Fall Below $70 or Rebound?

Litecoin (LTC) has recently broken below the crucial $80 support level, and traders are closely watching what happens next. On Thursday, April 18, the market experienced sharp volatility when Bitcoin dropped from $89,500 to $84,500, dragging altcoins down with it. Litecoin plunged more than 7.5% in just five hours, hitting a new low of $72.64. At the time of writing, it’s trading around $75.89.

🔹 $80–$84 Zone Collapses – Bullish Momentum Fades

Over the past two weeks, bulls have lost control over the vital long-term support area between $80 and $84. This zone was seen as a critical foundation for price stability, and its breakdown signals a strong bearish shift. Even Litecoin’s inclusion in the Bitwise 10 Crypto Index ETF (BITW) failed to bring any meaningful price recovery, and bullish pressure remained weak.

🔹 Market Data Shows Sellers in Full Control

A 2025 Fixed Range Volume Profile analysis highlights the area of highest liquidity between $120 and $83. After LTC broke below this year’s VAH in early October, its trend turned firmly downward. The OBV (On-Balance Volume) indicator confirms that the market balance shifted significantly in favor of sellers. Although LTC attempted to defend the $80 support in November, it lacked the strength to reverse the trend. Selling pressure intensified, and traders are now watching lower support levels.

🔹 Next Support Levels: $73, $66, and $59

After losing the $80 level, Litecoin’s next long-term support zones are found at $73.4, $66.5, and $59.6. The monthly liquidation heatmap revealed that liquidity around $73 has already been breached, and a slight rebound is underway. The big question is whether this bounce can reach the $82–$83 resistance zone.

🔹 Bullish Scenario Is Less Likely, But Possible

In a more optimistic outlook, LTC might rise toward $88 – a zone heavily loaded with short positions. A shift in overall market sentiment and a short squeeze could push the price above $90 and potentially restart a bullish trend. However, such a scenario requires broader market momentum.

🔹 Trader’s Outlook: Stay Cautious

Currently, Litecoin remains in a clear bearish trend. Price structure shows no strong buying pressure, and any upward attempts are likely to hit a strong resistance around $80–$84. Traders might look for shorting opportunities during any bounce, targeting supports at $66 and $59.

Summary: Litecoin is under heavy selling pressure, with bullish hopes fading fast. The market seems to be leaning toward further downside, with $66 and $59 as likely targets. Bitcoin’s movement and overall crypto sentiment will be crucial in determining whether LTC finds a new floor—or surprises with a sudden breakout.

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