LTC Technical Analysis: 10 APR 2025
LTC is lining up for a bearish retest! Source: TradingView
General View
Litecoin recently came under heavy selling pressure, decisively breaking below a major support zone that had held since late 2023. This breakdown is now being followed by a potential bearish retest of the same region, which is currently acting as resistance. Adding to the bearish weight, LTC has just entered a death cross formation on the daily timeframe. Despite the ongoing short-term recovery, LTC is likely to remain in a sell on strength stance.
On The Upside
LTC faces multiple intraday hurdles up to the 81.80 level. Price first encounters resistance around 73.80, followed by 75.25. If bulls manage to break through these levels, they will face additional roadblocks at 78.90 and then at 80.00.
On The Downside
Until price reclaims the $80–$84 region, the direction remains towards the downside. The recent rebound appears corrective in nature, and failure to climb above the resistance zone could trigger renewed selling. If weakness resumes, LTC could revisit the recent lows near $66, with further downside risk toward $61 and $57.
There is a bearish death cross formation on LTC. Source: TradingView
