Litecoin Could Retreat Toward $66–$70 If $100 Support Fails, Canary Capital ETF Proposal May Mitigate Losses

• Key resistance: $135–$140 has capped rallies since December.

• Break below $100 risks a 35–40% drop toward $66–$70 per coin.

• Canary Capital’s spot Litecoin ETF filing could support sentiment if regulatory conditions stabilize.

Litecoin price outlook: Litecoin price nears key $135–$140 resistance; monitor $100 support—act on confirmed breakdowns or ETF-driven sentiment shifts. Read analysis and trade considerations now.

What is Litecoin’s current price outlook?

Litecoin price is approaching the $135–$140 resistance after an uptrend since early March. Technicals show a rising weekly channel with support near $100; a sustained rejection at the upper channel could form a bearish double-top and increase downside risk toward $66–$70.

How could a break below $100 affect Litecoin price?

A decisive break below the $100 neckline would signal a channel breakdown and likely accelerate selling. Technical projections indicate a 35–40% decline to $66–$70, with extended downside to around $50 if selling momentum intensifies after a failed retest of the $135–$140 barrier.

Litecoin price nears $140 resistance with potential downside toward $70, while optimism rises over Canary Capital’s ETF proposal.

• Litecoin is testing a strong $135–$140 resistance level that has repeatedly halted upward moves since December last year.
• A confirmed breakdown below $100 could trigger a 35–40% decline, with downside targets between $66 and $70 per coin.
• Optimism around Canary Capital’s spot Litecoin ETF proposal may cushion price weakness if broader sentiment turns favorable.

Litecoin is approaching a crucial resistance zone between $135 and $140 after maintaining a steady uptrend since early March. The cryptocurrency has respected a rising channel on the weekly chart, yet the upper boundary now poses a significant technical challenge. This resistance has capped rallies since late last year, including a reversal near $134 in August.

The medium-term trend remains upward, supported by an ascending trendline near $100 that has repeatedly attracted buyers. Analysts caution that rejection at the current resistance could create a bearish double-top on the weekly chart. If confirmed, that pattern would increase pressure toward lower price zones and end the recent phase of relative stability.

Why does the $66–$70 range matter for Litecoin?

The $66–$70 band represents historical accumulation and prior support zones that often absorb selling pressure. Technical projections place this as the next key support if the $100 neckline fails. Traders view this range as a potential area where long-term holders may re-enter, limiting deeper declines.

Source: TradingView

Market strategist Ali Martinez commented that a confirmed rejection at current resistance could accelerate selling toward $50. Despite that risk, Litecoin’s rising channel shows resilience, and short-term buyers remain active. The coming weeks will determine whether the market sustains the uptrend or shifts into a deeper retracement phase.

How might Canary Capital’s ETF filing influence Litecoin?

Canary Capital’s amended filing for a spot Litecoin ETF has introduced fundamental optimism. Market participants expect that a favorable regulatory environment or progress on filings could attract fresh demand into LTC. While technical risk remains, ETF progress can shorten correction cycles by improving market sentiment.

Frequently Asked Questions

What price levels should traders watch for Litecoin short-term?

Watch resistance at $135–$140 and support at $100. Confirmed close below $100 increases odds of a 35–40% drop to $66–$70, while a sustained break above $140 would open higher targets within the channel.

Is the current Litecoin trend bullish or bearish?

Technically the medium-term trend is still upward given the rising channel and support near $100. However, repeated resistance rejections could flip the bias to bearish if a double-top or channel breakdown is confirmed.

Key Takeaways

• Resistance is critical: $135–$140 repeatedly caps rallies and must be cleared for bullish continuation.
• Support to watch: $100 is the immediate neckline; a break targets $66–$70, with downside extension to $50 possible.
• ETF factor: Canary Capital’s spot Litecoin ETF filing could provide sentiment support and limit downside if regulatory progress continues.

Conclusion

Litecoin price sits at a tactical crossroads: the $135–$140 resistance defines near-term risk, while $100 forms the key support that preserves the uptrend. Traders should watch for confirmed breakdowns or a decisive breakout, and factor ETF developments into position sizing and risk management. Monitor price action and official filings closely.