Litecoin (LTC) Targets $80 Recovery While RSI and MACD Remain Bearish

Litecoin (LTC) rebounded toward the $80 resistance level during Thursday’s trading session after closing the previous day higher, signaling short-term bullish momentum even as weekly technical indicators remained firmly bearish.

The move comes amid cautious market conditions, with traders closely watching whether the recovery can extend or stalls below key resistance levels.

According to CryptoWZRD, a crypto analyst, Litecoin’s daily chart is showing increased momentum, despite higher timeframe signals still showing downside pressure.

In terms of LTC’s most recent trading session, its price action does not appear to have reversed its trend, especially considering that overall market moods are still dictated by Bitcoin.

As for Litecoin’s next steps, analysts say its direction depends on how Bitcoin’s overall market performs, as Litecoin has always followed Bitcoin’s volatility.

Analysts say, however, that Litecoin’s rise in the coming days could trigger further upward movements, but a decline for Bitcoin would quickly stop Litecoin’s upward movement.

Also Read: Litecoin (LTC) Slips After Bearish Weekly Close as $71.40 Resistance Caps Recovery

Litecoin (LTC) Technical Outlook Shows Bearish Weekly Structure

On the weekly timeframe, LTC continues to be strongly bearish, as evidenced by the fact that the price continues to trade below all three major weekly moving averages, which are all trending downwards and acting as dynamic resistances. In fact, the overall price resistance created by all three major weekly moving averages, ranging from 90 to 96, continues to contain LTC’s price.

Source: TradingView

Additionally, the volatility indicators still highlight the risks of further downside movements. LTC’s price movements have been close to the lower Bollinger Band, which is normally associated with strong bearish trends and not mean reversion.

Even though the price may find some support at the lower band at the low end of the range around the low-$60s, analysts have emphasized the need for the price to move above the middle band around the $90 price.

RSI and MACD Reinforce Bearish Momentum

Momentum indicators further support a cautious outlook. The Relative Strength Index (RSI-14) is hovering near 35, remaining below the neutral 50 level and approaching oversold territory. While selling pressure appears to be slowing, the RSI’s downward-sloping moving average suggests trend weakness rather than reversal.

Source: TradingView

The MACD indicator (12, 26, 9) has a strongly negative configuration, with the MACD line well below the signal line, and the histogram remaining negative. This suggests that the selling pressure has not yet begun to ease; therefore, the uptrend has not been confirmed.

Why This Matter

The recent Litecoin price push towards the $80 price level indicates short-term buying interest. However, the bearish readings on Litecoin’s RSI and MACD make the price’s upward sustainability questionable.  LTC’s bearish structure and its link to the price of Bitcoin make the price’s downside risks significant.

Also Read: Litecoin (LTC) Dips 1.8% as Bitcoin Trends Influence Key $68–$80 Price Levels