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Relief Rally Ahead? Litecoin Looks Oversold Below $100
Litecoin hit fresh 2018 lows on Wednesday, but could be in for corrective rally courtesy of oversold conditions.
Oleh Omkar Godbole
Litecoin may have hit fresh 2018 lows Wednesday, but could be in for corrective rally courtesy of oversold conditions.
The world's sixth-largest cryptocurrency fell to $93 at 15:10 UTC, the lowest level since Dec. 8, and is currently trading at at $95.80 on Bitfinex, down 9 percent in the last 24 hours.
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The 48 percent drop from the May high of $182 has turned the tide in favor of the bears. However, the sell-off looks overdone as the daily relative strength index (RSI) has nosedived into oversold territory (below 30.00) for the first time in over two months.
Hence, LTC could revisit $100 (major psychological hurdle) in the short-run before resuming the drop towards $80.
Daily chart: RSI
Currently, the RSI is hovering at 26.00, indicating oversold conditions. So, the sell-off may run out of steam in the next 48 hours or so.
LTC/BTC Shorts
Interestingly, LTC is looking oversold at a time when short positions on Bitfinex exchange are at the highest level since Oct. 12.
Usually, such extreme market positioning is considered a sign that a trend is nearing exhaustion. So, a short squeeze could be in the offing and could lift prices above $100.00.
That said, the broader outlook would still remain bearish as indicated by a pennant breakdown in the long-duration charts below.
Weekly chart
Daily chart: Moving averages
As of writing, LTC is trading well below the 50-day moving average (MA), 100-day MA and 200-day MA, indicating a long-run bearish setup. Also, corrective rallies will likely be short-lived as long as the 5-day and 10-day MAs are trending south in favor of the bears.
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- The short-term oversold conditions could pave way for a minor corrective rally to $100 (psychological hurdle) and possibly to $106.
- The long-run outlook remains bearish, so LTC will likely test $80 (78.6 percent Fibonacci retracement of the rally from 2015 low to 2017 high) over the next few weeks.
- Only a weekly close on Sunday (as per UTC) above $120 (pennant floor now acting as resistance) would abort the long-term bearish view.
Litecoin image via Shutterstock
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Yang perlu diketahui:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Lighter trading platform sees $250 million withdrawn 24 hours after airdrop
Bubblemaps CEO says outflows seen on Lighter on Dec. 31 are not uncommon as users rebalance hedging positions and move on to the next farming opportunity.
Yang perlu diketahui:
- Approximately $250 million was withdrawn from Lighter after its $675 million LIT token airdrop.
- The withdrawals represent about 20% of Lighter's total value locked, according to Bubblemaps CEO Nicolas Vaiman.
- Large withdrawals post-token generation events are common as early participants exit, says CertiK's Natalie Newson.
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