The post LTC Technical Analysis Feb 1 appeared on BitcoinEthereumNews.com.

Litecoin (LTC) is consolidating at the $59.64 level within a sharp downtrend; despite RSI at 24.58 being in the oversold region, MACD and Supertrend are giving bearish signals confirming relative weakness. While preparing to test the critical support at $55, BTC correlation could intensify the declines; a risky rebound does not seem possible without an unexpected volume increase. Executive Summary LTC has declined by %8.70 in the last 24 hours to $59.64, moving away from the previous day’s high range of $65.48. The market structure indicates a clear downtrend: Price is below EMA20 ($68.88), Supertrend is bearish ($71.02 resistance), and momentum indicators (RSI 24.58 oversold, MACD negative histogram) emphasize weakness. Critical supports are clustered at $55 (strong, 74/100) and $59.47, while resistance is limited to $61.69 (72/100) and $65.50. Volume at $545.71M accompanies the decline but participation is low; multi-timeframe analysis with 11 critical levels (1D:2S/2R, 3D:1S/2R, 1W:3S/3R) points to a bearish target of $30.69 (22 score). BTC’s downtrend at $78,837 is creating pressure on altcoins. Strategic outlook: Short-term oversold bounce possible ($61.69 target), but overall risk is high – for long positions, wait for close above $65.50. Market Structure and Trend Status Current Trend Analysis LTC’s market structure exhibits a clear downtrend. On the daily chart, highs are lowering (from $65.48 to the $55 range), and lows are progressively declining. The Supertrend indicator is in bearish mode (forming $71.02 resistance), and price remaining below EMA20 ($68.88) reinforces the short-term bearish bias. On the weekly timeframe, price approaching 1W EMA50 shows an attempt to form a higher low, but overall momentum is insufficient. In this structure, a breakdown scenario is gaining weight over breakout; a break below $55 could open the path to $50s. Structural Levels Main structural supports are identified at $55.0000 (74/100 score, 1D/3D confluence) and $59.4667 (61/100,…

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Filed under: News - @ February 1, 2026 2:23 am