The post Litecoin (LTC) Drops to $103.76 as Bears Target Critical Support Levels appeared on BitcoinEthereumNews.com.
Luisa Crawford Sep 28, 2025 07:09 LTC trades at $103.76 amid bearish momentum, testing crucial $100 support despite positive ETF developments driving long-term optimism. Quick Take • LTC currently trading at $103.76 (-0.14% in 24h) • Litecoin’s RSI at 37.18 signals oversold conditions approaching • Recent sharp correction to $105 tests critical support despite SEC ETF approval news What’s Driving Litecoin Price Today? Litecoin faces continued selling pressure following last week’s sharp 8% correction that pushed the LTC price down to $105. This bearish momentum has persisted despite the significant positive catalyst of the SEC approving standardized rules for crypto ETFs on September 18, which increased Litecoin ETF approval probability to 95% by late 2025. The disconnect between positive regulatory developments and current price action reflects broader market volatility impacting risk assets. While the ETF news represents a major long-term catalyst for institutional adoption, short-term traders remain focused on immediate technical weakness as the LTC price struggles to maintain stability above key support zones. Market participants are closely watching how Litecoin responds to current support levels, as the recent correction has created oversold conditions that could present buying opportunities for those with longer time horizons. LTC Technical Analysis: Bearish Signals Dominate Near-Term Outlook The Litecoin technical analysis reveals concerning momentum indicators across multiple timeframes. Litecoin’s RSI currently sits at 37.18, approaching oversold territory and suggesting potential for a bounce if buying interest emerges. However, the LTC RSI has been declining steadily, indicating persistent selling pressure. Litecoin’s MACD presents a bearish picture with the indicator at -2.8147 and the signal line at -1.6864, creating a negative histogram of -1.1283. This bearish MACD configuration suggests momentum remains firmly on the downside for LTC price action. The moving average structure further confirms the bearish bias,…