Litecoin (LTC) Rejected at $100.68 — Bullish Trap Exposes Market to Fresh Downside Risk

Litecoin (LTC) has failed to capitalize on its recent bullish momentum following an unsuccessful attempt to break through its infliction point and major CPM key level at $100.68

Litecoin price is set for a deeper correction from a bullish trap that has exposed the market to fresh downside risk.

Litecoin (LTC) has failed to capitalize on its recent bullish momentum following an unsuccessful attempt to break through its infliction point and major CPM key level at $100.68.

However, this breakout attempt was largely a bullish trap as it lacked any real follow-through on higher timeframes, such as the Weekly and Monthly sessions, rendering the move null and void.

But with this move now being rejected and macroeconomic pressure continuing to build, the technicals are setting up a compelling case for a deeper corrective move.

What happened to LTC price today?

Litecoin has failed to capitalize on its recent bullish momentum.attempt to break through its infliction point and major CPM key level at $100.68.

This move was largely a bullish trap as it lacked any real follow-through on higher timeframes, such as the Weekly and Monthly sessions, rendering the move null and void.

This is quickly becoming an important level to watch as the coin is now testing the lower levels of this zone. A breakdown below this would create the fib confluence.

The weekly chart (see below) neatly captures this rejection. LTC price breached $100.68 but quickly reversed, leaving behind a complete and total rejection candle with a large wick.

This is a classic sign of strong selling pressure, and it is also noteworthy that Litecoin failed to close the Weekly candle above $100.68.

This keeps the level untouched as the sole Major Resistance on the board, while the next fib is at $97.12 in Immediate Support.

Key levels to watch :

Major CPM Key Level & Resistance: $100.68

Immediate Support: $97.12

Secondary Bearish Target: $72.12

Primary Bearish Target: $57.71

Protective Stoploss: $110.35

A breakdown below $97.12 would likely accelerate bearish momentum more quickly, exposing the Secondary Bearish Target at $72.12.

If selling pressure intensifies further, the move could extend towards the Primary Bearish Target at $57.71.

To inactivate this bearish scenario, we would need to see a sustained breakout on the Weekly or Monthly close above $100.68, with a protective stoploss to be positioned at $110.35.

What is the technical outlook?

The rejection at $100.68 has quickly shifted momentum lower. Technical indicators are beginning to reflect the declining buyer interest.

Both the RSI and MACD on the Daily and Weekly charts are turning bearish, and price action is now forming lower highs below the critical $100.68 ceiling.

With the technical indicators turning lower and sellers showing signs of strength, the path of least resistance is shifting decisively lower.

A clean breakdown through $97.12 would confirm a fresh bearish phase, putting the Secondary and Primary Downside Targets in direct play.

Litecoin is now faced with a crucial decision. Will bulls intervene to defend the remaining Immediate Support at $97.12, or will sellers capitalize on the bullish trap and drive price towards lower levels?

The coming days will be pivotal for determining the next leg of this LTC price trend.

What is LTC's technology and market news?

In terms of Litecoin’s core technology, there have been no significant updates or developments in recent times.

Long-term initiatives like MimbleWimble Extension Blocks (MWEB) and the ongoing adoption of Litecoin payment gateways at a small-scale level continue to hold potential for future value.

However, in the short-term, the macroeconomic outlook is a pressing concern.

The intensifying global tariff war situation has implications for risk assets, potentially triggering capital rotation out of speculative markets, such as cryptocurrencies, and back into defensive positions.

This macro factor is increasing the likelihood of an extended bearish cycle for Litecoin and other cryptocurrencies as investors adjust their portfolio compositions.

Where is Litecoin trading now?

Litecoin (LTC) trades at $99.05 at the time of writing, having moved 0.64% over the past 24 hours, according to Benzinga Pro. The crypto is down 10.66% over the past week.

What did an analyst say?

"Still no signs of a bottom yet for LTC as it trades back below the key $100.68 breakout level, rendering the recent move as a bullish trap.

With COT showing traders getting more pessimistic and new macro tariffs putting more pressure on risk assets, we could see a deeper correction unfolding from here.

Next fib at $97.12 offers some Immediate Support, with Secondary and Primary Bearish Targets at $72.12 and