Key Metric Flashes a Rare Sell Signal for Litecoin (LTC) Price – Is a Crash Coming?

Litecoin price might be hitting a turning point after a key technical signal hinted at a possible short-term pullback.

Litecoin price might be hitting a turning point after a key technical signal hinted at a possible short-term pullback. On the 3-day chart, the TD Sequential indicator just flashed a rare sell signal, according to crypto expert Ali. This comes after a strong rally that pushed LTC from under $70 to above $105 in just a few weeks.

Litecoin is currently trading at $100.33, showing a 3% gain over the past 24 hours. As the signal appears, it could mean that a correction is coming soon, especially with LTC sitting near a major resistance zone that has stopped the price before.

Litecoin Price Hits Fibonacci Resistance As Sell Signal Appears

The TD Sequential indicator is used to identify trend exhaustion. On Litecoin 3-day chart, the “9” count that triggered aligns with a rejection near the 1.0 Fibonacci extension level, around $105.86. That area acted as short-term resistance, confirmed by a bearish candlestick after price tested this level.

Chart: TradingView

Litecoin price is showing a steady climb, forming higher highs and higher lows over several sessions. The move brought Litecoin to test and reject the 1.0 Fibonacci zone, which now stands as immediate resistance.

If Litecoin fails to maintain current levels, several Fibonacci retracement zones could serve as support. The nearest support lies at $94.60, followed by $89.17. These levels coincide with the 0.618 and 0.5 Fibonacci retracement points, respectively.

A deeper pullback may target the $83–$90 area, where a cluster of Fibonacci levels formed during the previous accumulation phase. This zone could attract buying interest if the correction extends.

Litecoin Momentum Slows But Trend Structure Remains Intact

While the TD Sequential signal suggests caution, the broader market structure for Litecoin remains intact. As long as the price stays above the key support levels, the uptrend may resume.

Analysts and traders are watching how LTC behaves in the $94–$100 region. A strong hold above these zones may provide the foundation for another push toward the $114.46 extension level. Until then, the current bearish signal introduces a short-term watch period.

The technical setup aligns with an analyst’s warning. As Key Metric Flashes a Rare Sell Signal for Litecoin (LTC) Price - Is a Crash Coming?, the chart shared by Ali showcases a clean Fibonacci framework for Litecoin’s recent breakout.

The confluence of technical resistance and the TD Sequential ‘9’ count brings attention to possible trend fatigue. Also, the market is testing current support levels, setting the stage for more price swings in the pending days.

The post Key Metric Flashes a Rare Sell Signal for Litecoin (LTC) Price - Is a Crash Coming? appeared first on CryptoLayer.