{"id":5836,"date":"2026-01-20T18:34:38","date_gmt":"2026-01-20T18:34:38","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=5836"},"modified":"2026-01-20T18:34:38","modified_gmt":"2026-01-20T18:34:38","slug":"litecoin-dips-below-70-as-geopolitical-tensions-throttle-crypto-momentum","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=5836","title":{"rendered":"Litecoin dips below $70 as geopolitical tensions throttle crypto momentum"},"content":{"rendered":"
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Litecoin price fell below $70, trading to lows seen in April 2025.<\/li>\n
Declines follow a broader cryptocurrency market downturn amid geopolitical tensions.<\/li>\n
Bitcoin and Ethereum dropped to key support levels.<\/li>\n<\/ul>\n
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.<\/p>\n
Seller dominance has the altcoin trading nearly 10% down over the past week.<\/p>\n
This comes amid escalating geopolitical tensions fueled by uncertainties surrounding Greenland and the United States\u2019 interest in the Arctic territory currently under Denmark.<\/p>\n
It\u2019s this dampening risk appetite across digital assets that has Litecoin at risk amid a correction to levels seen in April last year.<\/p>\n
Litecoin fails to hold $70 support<\/h2>\n
Litecoin\u2019s price action turned bearish after hitting a high of $84 on January 6, 2026.<\/p>\n
A series of lower highs and lows led to today\u2019s breach of the psychologically vital $70 support level.<\/p>\n
It\u2019s 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.<\/p>\n
Daily volume, however, shrank 45% to about $413 million, indicating a potential thaw in heavy selling.<\/p>\nLitecoin price chart by TradingView<\/figcaption><\/figure>\n
Interestingly, the $70 level coincides with a long-term downtrend line from early 2020.<\/p>\n
The weekly chart also shows that the 50-week exponential moving average (EMA) is about to cross below the 200-week EMA.<\/p>\n
A 50\u2011week EMA crossing below the 200\u2011week EMA is generally interpreted as a long\u2011term bearish signal.<\/p>\n
In technical analysis, this is a \u201cdeath cross,\u201d and often suggests downside or weak performance, in this case, it suggests the recent trend has weakened.<\/p>\n
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.<\/p>\n
On-chain metrics also reveal a surge in long-position liquidations.<\/p>\n
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.<\/p>\n
The areas around $62 and $51 offer the next support zones.<\/p>\n
Bitcoin, Ethereum fall to key levels<\/h2>\n
Global stocks fell on Tuesday, and mirroring the move is Bitcoin (BTC), which extended its correction amid the geopolitical tensions related to Greenland.<\/p>\n
BTC has fallen to near $90,000, with buyers unable to reclaim key levels despite bullish corporate signals. Strategy\u2019s announcement of acquiring 22,305 BTC for $2.13 billion, at an average of $95,284 per coin, did not lift buyers.<\/p>\n
Among top altcoins, Ethereum (ETH) has shed over 5% in the past 24 hours to hover near $3,000.<\/p>\n
XRP has again failed to rally amid a recent spike and slipped to $1.92 as cryptocurrencies struggled.<\/p>\n
Geopolitical risks may see these coins tumble further.<\/p>\n
Litecoin price fell below $70, trading to lows seen in April 2025. Declines follow a broader cryptocurrency market downturn amid geopolitical tensions. Bitcoin and Ethereum dropped to key support levels. 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<\/p>\n","protected":false},"author":1,"featured_media":5837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-5836","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"\n
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![\"Litecoin](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/04\/1682880135933-dc43913a-d50f-4d83-b5b6-934b791c9dce.jpg\")
\n<\/picture> <\/div>\n<\/p><\/div>\n![\"Litecoin](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/01\/litecoin-price-chart.png\")