Litecoin Slumps 12% in 24 Hours | Airdrop Alert Pro

Litecoin (LTC) has dropped more than 12% in the past 24 hours, with its price trading at about $100 and its market cap dropped to $7.5 billion. The sharp decline is due to increased sales pressure, driving LTC RSI Enter oversold territory and Chaikin currency flow (CMF) to deeper into negative levels.

If the downtrend continues, LTC can test the $92.5 support and may drop to $80, the lowest price since November 2024. However, if momentum changes, LTC can try to recover, put resistance over $100 and eliminate the resistance level at $106, $111, which may be $111, and maybe $119.

LTC RSI is currently at the excess level

Litecoin Relative Strength Index (RSI) It fell to 26.7 only two days ago, a sharp drop. The steep decline indicates that LTC has entered oversold territory, indicating that sales pressure is high.

Such a rapid decline usually reflects panic sales or a strong bearish trend, leaving LTC vulnerable to further adverse effects Unless the buyer intervenes.

However, an RSI with such a low RSI also suggests that assets may be approaching a potential short-term reversal, as too many conditions often lead to a relief bounce.

RSI is a momentum indicator, ranging from 0 to 100, measuring the intensity of recent price movements. The above reading 70 indicates excessive conditions, and the assets may face sales pressure, while readings below 30 indicate that buying opportunities may occur.

LTC’s RSI is now 26.7, deep in oversold territory, increasing the chances of a short-term rebound.

However, if the bearish momentum continues and the RSI continues to decline, Litecoin may struggle Find support and expand its losses before any recovery attempts.

Litecoin CMF below -0.20

Litecoin’s Chaikin currency flow (CMF) is currently -0.21, down from 0.03 two days ago, indicating a significant change in capital flows. Earlier, the CMF briefly fell to -0.26, the lowest level since mid-February, strengthening bearish sentiment.

The decline in CMF shows that sales pressure is increasing, as More capital outflows from LTC than it.

This trend indicates that investors are Draw liquidity from Litecoinmaking it difficult to maintain any short-term rebounds.

CMF measures buying and selling pressure by analyzing the range of quantity and price changes from -1 to 1. Positive values ​​indicate accumulation, which means more money flows into the asset, while negative values ​​indicate increased distribution and sales pressure.

LTC’s current CMF is now -0.21, and sellers are still under control unless the purchase volume returns LTC may be difficult to find support.

The recent decline to -0.26 indicates that capital outflows are reaching extreme levels, adding further disadvantage risks unless sentiment shifts.

Is Litecoin about to fall below $90?

if Litecoin’s downward trend continuesprice can test the support level of $92.5, which is a key area for previous buyers. If this level is lost, LTC could drop to $80, marking its lowest price since November 2024.

As momentum indicators such as RSI and CMF show bearish pressure, further declines are still possible unless buyers step in to defend support.

However, if LTC reverses its trend, it may recover momentum and push up at $100, with $106 as the first major resistance level.

A breakthrough above the breakout could lead to a test of $111 if bullish momentum is strengthened, LTC may assemble Priced at $119.