$LTC has collapsed below the important psychological floor of $75, currently trading near $72.14. Down 11% in the past week, LTC is one of the top 40 altcoins with the worst performance as whales aggressively exited their positions.
🔹 Whale Dump & Distribution
The whale group holding 1M-10M LTC has reduced its holdings by 1.08 million coins (from 7.76M to 6.68M) in just three days, releasing approximately ~77 Million USD into the market.
On January 15, the network recorded 503 whale transactions (> $100k), the highest in 5 weeks coinciding with the price drop.
The inflows into the exchange are increasing while the outflows are slowing down, signaling a shift from accumulation to distribution. Smart money is moving assets onto the exchange to sell.
🔸 Technical Breakdown
LTC has lost support levels of $80.21 and $75. The price is currently below the 20-day EMA, confirming that the bears are in control of the short-term trend.
The Awesome Oscillator (AO) has fallen to its lowest level since 28/12, indicating that the downward momentum is expanding.
With prices trapped in a downtrend channel, the likelihood of sliding to $69.91 is very high if selling pressure continues.
🔹 The technical structure is in its most fragile state since the end of 2025. The whale sell-off (~77 million dollars sold) has shattered confidence. Unless whales accumulate strongly to reclaim $86.59, the path of least resistance is a drop to test $70.
Whales just sold 77 million dollars' worth of LTC. Are you catching a falling knife at $72, or waiting for a bottom test at $69.91?
News and research information from Trading Insight is for reference only and should not be considered investment advice. Please read carefully before making a decision.
