LTC Price Drops to $80 in 24 Hours as Long-Term Holders Exit – Is It Time to Buy?

On April 24, 2025, Litecoin price dipped to $80 as long-term holders who have held for 3 to 5 years began to offload their positions. This sell-off suggests a shift in investors’ sentiment, probably driven by broader market uncertainty. Historically, such long-term holder sell-offs can signal crucial crypto market inflection points. While the Litecoin price dip concerns short-term traders, it could be a good buying opportunity for new investors who are looking at LTC future potential. In this article, let’s analyze the LTC price movement for the last 24 hours on the trading chart. Also, closely monitor the key levels and on-chain activity to gauge whether this sell-off marked a trend reversal or temporary correction. 

LTC’s Dynamic Price Fluctuation – April 23, 2025

On April 23, 2025, the LTC trading day began with a brief rise, demonstrating a strong bullish sentiment. But at 01:05 UTC, LTC encountered an RSI Overbought situation, indicating a potential trend reversal. Likely, at 01:10 UTC, a pin bar, followed by a full-body red candle, signaled a possible downtrend. As expected, LTC price movement resisted at $85.09 and began to experience a sharp decline. Substantially, at 01:55 UTC, LTC found support at $83.40 and began to move up. At 05:00 UTC, LTC resisted at $85.09 and experienced a sharp decline. Conversely, at 07:10 UTC, LTC found support at $83.70 and experienced an uptrend. 

Chart 1 – Analyzed by Buvaneswari_L, published on TradingView, April 24, 2025

At 08:50 UTC, LTC encountered an RSI Overbought situation, indicating a potential trend reversal. Likely, at 08:55 UTC, LTC price movement resisted at $85.09, experienced a sharp fall, and dropped to $82.60. A Death Cross on MACD affirmed this downtrend. Subsequently, at 15:20 UTC, LTC found support at $82.60 and experienced an uptrend. A Golden Cross on MACD at 15:40 UTC asserted this uptrend. But at 18:25 UTC, LTC resisted at $84.23 and experienced a brief fall. Conversely, at 19:30 UTC, LTC found support at $82.60, began to move up, and closed at $83.13. A Golden Cross at 20:10 UTC affirmed this uptrend.

LTC Dropped to $80 – April 24, 2025

As illustrated in Chart 1, on April 24, 2025, the LTC trading day kicked off with notable price action. During the early trading session, LTC began with a brief fall. But at 00:25 UTC, LTC found support at $82.73 and experienced an uptrend. At 02:15 UTC, LTC resisted at $84 and began to fall. At 03:35 UTC, LTC broke the support at $82.60, breached a breakout, and dropped to $81.79. At 03:50 UTC, LTC encountered an RSI Oversold situation, indicating a possible trend reversal. Likely, at 04:00 UTC, LTC found support at $81.79 and experienced an uptrend. A Golden Cross on MACD at 04:55 UTC affirmed this uptrend. 

At 06:35 UTC, LTC resisted at $82.79 and began to experience a sharp fall. Likely, at 08:05 UTC, LTC broke the support at $81.79, breached a breakout, and dropped to $80.89. A Death Cross on MACD at 06:55 UTC affirmed this downtrend. But at 08:50 UTC, LTC found support at $80.89 and began to move up. 

LTC’s Next Move

On April 24, 2025, the LTC price movement exhibited a steep decline, demonstrating a bearish sentiment. In a possible scenario, if the uptrend continues, LTC could bounce back, and eyes on breaking the key resistance level. In case LTC resists, it could break the support at $80.89 and could encounter a further fall, suggesting a bear trend. This dip might be a setback for short-term traders. But for new investors who look for the LTC future potential, it could be a good buying opportunity in the crypto market to yield remarkable gains in the future.