【Crypto World】 Recently, the cryptocurrency market has come under pressure, with Litecoin experiencing a clear decline. The former “digital silver” has fallen below the $70 mark, hitting a new low since April last year. Over the past seven days, Litecoin has declined by nearly 10%. Meanwhile, Bitcoin is also adjusting, hovering around $90,000; Ethereum is approaching $3,000.
On-chain data signals some concern—Litecoin’s liquidation volume is increasing, and traders’ leveraged positions are being wiped out. More notably, from a technical perspective: a bearish “death cross” has appeared on Litecoin’s weekly chart, which typically indicates potential continued downward pressure in the short term. Market sentiment remains cautious, and with multiple factors at play, mainstream cryptocurrencies are all facing some adjustment pressure.
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TradFiRefugee
· 10h ago
Death cross is coming again? Is LTC going back to 50? Never mind, I won't look anymore. I'll wait for the rebound.
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BearHugger
· 10h ago
The death cross is back. Is this really the end, or is it just another reversal? Who knows.
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BearMarketMonk
· 10h ago
The death cross is back again; this cycle really keeps coming one after another.
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GraphGuru
· 10h ago
As soon as the death cross appears, I know it's time to reduce my position. I've already exited, everyone.
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ChainSauceMaster
· 10h ago
The death cross is here, and this time it's really going to fall.
Litecoin drops below $70, multi-currency correction technical signals now indicate warning signs
【Crypto World】 Recently, the cryptocurrency market has come under pressure, with Litecoin experiencing a clear decline. The former “digital silver” has fallen below the $70 mark, hitting a new low since April last year. Over the past seven days, Litecoin has declined by nearly 10%. Meanwhile, Bitcoin is also adjusting, hovering around $90,000; Ethereum is approaching $3,000.
On-chain data signals some concern—Litecoin’s liquidation volume is increasing, and traders’ leveraged positions are being wiped out. More notably, from a technical perspective: a bearish “death cross” has appeared on Litecoin’s weekly chart, which typically indicates potential continued downward pressure in the short term. Market sentiment remains cautious, and with multiple factors at play, mainstream cryptocurrencies are all facing some adjustment pressure.