Declines follow a broader cryptocurrency market downturn amid geopolitical tensions.
Litecoin (LTC) price has turned negative amid mounting downward pressure, with a slight dip in the past 24 hours pushing LTC below the critical $70 mark.
Seller dominance has the altcoin trading nearly 10% down over the past week.
This comes amid escalating geopolitical tensions fueled by uncertainties surrounding Greenland and the United States’ interest in the Arctic territory currently under Denmark.
It’s this dampening risk appetite across digital assets that has Litecoin at risk amid a correction to levels seen in April last year.
Litecoin’s price action turned bearish after hitting a high of $84 on January 6, 2026.
A series of lower highs and lows led to today’s breach of the psychologically vital $70 support level.
It’s the first time in nearly a year, with market data showing LTC dipped to a low of $68.45 during early US trading hours on Jan. 20.
Daily volume, however, shrank 45% to about $413 million, indicating a potential thaw in heavy selling.
Interestingly, the $70 level coincides with a long-term downtrend line from early 2020.
The weekly chart also shows that the 50-week exponential moving average (EMA) is about to cross below the 200-week EMA.
A 50‑week EMA crossing below the 200‑week EMA is generally interpreted as a long‑term bearish signal.
In technical analysis, this is a “death cross,” and often suggests downside or weak performance, in this case, it suggests the recent trend has weakened.
The weekly RSI is downsloping but not yet in oversold territory, but last time it touched the threshold, the LTC price hit lows of $46.
On-chain metrics also reveal a surge in long-position liquidations.
According to Coinglass data, Litecoin has seen close to $800,000 in 24 hour liquidations. Meanwhile, open interest at $564 million points to potential exacerbation of the slide.
The areas around $62 and $51 offer the next support zones.
Global stocks fell on Tuesday, and mirroring the move is Bitcoin (BTC), which extended its correction amid the geopolitical tensions related to Greenland.
BTC has fallen to near $90,000, with buyers unable to reclaim key levels despite bullish corporate signals. Strategy’s announcement of acquiring 22,305 BTC for $2.13 billion, at an average of $95,284 per coin, did not lift buyers.
Among top altcoins, Ethereum (ETH) has shed over 5% in the past 24 hours to hover near $3,000.
XRP has again failed to rally amid a recent spike and slipped to $1.92 as cryptocurrencies struggled.
Geopolitical risks may see these coins tumble further.
