Litecoin Price Drops to $95, but Analyst Predicts Major Move Ahead

Litecoin (LTC) has been one of the few altcoins holding strong against Bitcoin, even outperforming some major crypto assets. But the recent market dip has hit LTC hard, dragging its price down to $95—a sharp 15% drop in just a week. Needless to say, traders growing anxious.

Crypto analyst Ali Martinez believes a recovery could be on the horizon. His analysis of the MVRV ratio suggests that Litecoin may still be in a strong position despite the pullback.

Let’s dive in.

MVRV Ratio Hints Bullish Signals

According to Martinez, Litecoin’s Market Value to Realized Value (MVRV) ratio remains in a healthy range despite recent volatility. The MVRV ratio helps traders determine if an asset is undervalued or overvalued. A low MVRV suggests accumulation, while a high ratio signals profit-taking.

Martinez’s latest analysis shows that Litecoin’s MVRV remains strong, even after testing the key $100 support level. This suggests that long-term holders remain confident and that selling pressure is relatively low.

If this trend continues, Litecoin could move toward $108 and possibly $117.

Litecoin Left Out From Crypto Reserve

Litecoin’s recent decline has worried traders, especially after it was left out of the U.S. Crypto Strategic Reserve. This decision fueled bearish sentiment, leading to more short positions.

Some investors still hope for a Litecoin ETF approval, but other key events may impact the market first. The upcoming White House summit and the U.S. Non-Farm Payrolls (NFP) report are expected to influence investor sentiment in the coming days.

Litecoin at a Critical Level – What’s Next?

With Litecoin now below $100, the risk of further losses increases if buyers don’t step in soon. The price has dropped near the lower Bollinger Band at $102.77, signaling oversold conditions and increased volatility.

If Litecoin fails to reclaim $100, sellers could push it down to the next major support level at $85, which has historically attracted strong buying interest. Meanwhile, the Relative Strength Index (RSI) is at 37.62, suggesting Litecoin is nearing oversold territory.

While bearish pressure remains, technical indicators suggest a potential rebound if buyers return at key support levels.

Will Litecoin bounce back, or is more downside ahead? Investors are watching closely for the next move.