LTC Price Plummets Below Key Resistance as Sellers Gain Upper Hand

Litecoin (LTC) has broken below its ascending support trendline, marking a shift in short-term market structure. The breakdown was followed by a failed retest of the previous support level, now acting as resistance.

The recent recovery attempt stalled just below the $48, $50 support zone, which has flipped into a strong resistance area. Unless LTC regains this range, the broader trend remains tilted to the downside.

Technical indicators are also showing weakening momentum. The MACD is losing bullish momentum, with signal lines converging toward a bearish crossover. Meanwhile, the RSI has slipped back toward the neutral 50 level after failing to sustain its recent advance.