Litecoin drops below $70 as geopolitical tensions curb crypto momentum.
Litecoin's price has fallen below $70, and trading is seen at April 2025 lows. A decline in the broader cryptocurrency market follows amid geopolitical tensions. Bitcoin and Ethereum have dropped to key support levels.
Litecoin (LTC) price has turned negative on the downside, with a slight dip in the last 24 hours pushing LTC below the crucial $70 mark.
Seller dominance has seen altcoin trading decline nearly 10% over the past week.
This comes amid heightened geopolitical tensions over concerns over Greenland and the United States' interest in the Arctic territory, which is currently held by Denmark.
This dampened appetite for digital assets, which put Litecoin at risk during a correction to levels seen in April last year.
Litecoin failed to hold the $70 support
On January 6, 2026, Litecoin's price action turned bullish, hitting a high of $84.
A series of lower highs and lows resulted in a breach of the $70 support level, which is important for today's psychology.
LTC fell to a low of $68.45 in early US trading hours on January 20, market data showed, for the first time in over a year.
Daily volume, however, fell 45 percent to $413 million, indicating a possible meltdown on heavy selling.
Interestingly, the $70 level coincides with a long-term downtrend from early 2020.
The weekly chart shows that the 50-week Exponential Moving Average (EMA) is about to cross below the 200-week EMA.
A crossing of the 50-week EMA below the 200-week EMA is generally interpreted as a long-term bearish signal.
In technical analysis, this is a “death cross” and usually indicates low or weak performance, in this case, it indicates that the recent trend has weakened.
The weekly RSI is declining but not yet in the oversold range, but when it touched the ceiling last time, the price of LTC dropped by $46.
On-chain measurements also show increased long-range discharges.
According to Coinglass data, Litecoin saw nearly $800,000 in liquidity in 24 hours. Meanwhile, open interest for $564 million could exacerbate the slide.
The areas around $62 and $51 provide the next support zone.
Bitcoin, Ethereum fall to key levels
Global stocks fell on Tuesday, and reflecting the move is Bitcoin (BTC), which extended its correction amid geopolitical tensions related to Greenland.
BTC fell to $90,000, buyers failed to return to key levels despite corporate signals. Earning 22,305 BTC for $2.13 billion, an average of $95,284 per coin, the strategy announcement did not excite buyers.
Among the top altcoins, Ethereum (ETH) shed more than 5% in the last 24 hours to hover near $3,000.
As cryptocurrencies struggled, XRP failed to rally and fell to $1.92 from its recent surge.
Geopolitical risks could see these coins fall further.
