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Litecoin Price Forecast: LTC Sell Pressure Wanes Golden Cross Support Halts $100 Reversal

Litecoin Price Forecast: LTC Sell Pressure Wanes Golden Cross Support Halts $100 Reversal

CoinspeakerCoinspeaker2025/08/29 16:00
By:By Ibrahim Ajibade Editor Kirsten Thijssen

Litecoin price steadied at $110 on Saturday, August 30, as sell-side pressure weakened. Can bulls capitalize on the psychological support base to stage a weekend rebound?

Key Notes

  • Litecoin price held steady at $110 on August 30 despite weekly losses nearing 10%.
  • Derivatives data shows waning short-selling pressure as LTC futures trading volumes fell 33.8% to $596 million, with open interest flattening at $917 million.
  • Golden cross support at $109 suggests a potential base for recovery if current liquidation trends continue through weekend trading.

Litecoin price finds steady support at $110 on Saturday, August 30, with bulls battling to contain weekly losses just below 10%. Sustained profit-taking as the LTC price approached $120, and Bitcoin’s sharp retracement to 50-day lows of $107,000 on Friday, were two key catalysts that sparked bearish action this week.

However, market metrics over the past 24 hours signal a potential directional swing in Litecoin price momentum as bears take caution after failing to break the $110 psychological level.

CoinGlass’ derivatives data shows that LTC futures trading volumes declined 33.8% to $596 million, while open interest remained stable at $917 million. Flattening open interest reflects reluctance to enter new positions, a sentiment reinforced by the significant drop in daily trading volumes.

Litecoin Price Forecast: LTC Sell Pressure Wanes Golden Cross Support Halts $100 Reversal image 0

Litecoin Derivatives Market Analysis | Coinglass, August 30 2025

Liquidation data further emphasizes the cautious stance among short-traders. On a 24-hour basis, long liquidations totaled $496,380, versus $444,120 in shorts, indicating that buyers were still absorbing downside pressure. But momentum shifted in the last 12 hours, with short liquidations at $49,590 more than double long liquidations of $22,120.

This trend indicates bears are closing out positions at a faster rate, signaling a potential market bottoming phase.

If this dynamic persists through weekend trading, bulls could regain momentum and edge prices toward safer levels around $115, to avert the risk of a breakdown below $110.

Litecoin Price Forecast: Can Bulls Stage $115 Rebound as Golden Cross Anchors $109 Support?

Litecoin’s intraday resilience above $109 aligns with the golden cross pattern formed on August 4, where the 5-day moving average crossed above the 8-day and 13-day averages. Aside from signaling the outset of a bullish market cycle, golden crosses also provide anchoring support during short-term sell-offs.

Litecoin Price Forecast: LTC Sell Pressure Wanes Golden Cross Support Halts $100 Reversal image 1

Litecoin (LTC) Technical Price Analysis | TradingView | LTCUSDT 24H Chart

The intraday bottom formation and short traders rapidly closing out short positions could spark an instant recovery toward $115 to $118 price range. However, a decisive breakdown below $109 would invalidate the golden cross signal, exposing Litecoin to a deeper retracement toward $100.

Momentum indicators remain neutral, with RSI hovering at 49, suggesting LTC is neither overbought nor oversold. Sustained buy-side activity around $110 could tilt momentum upward, but a lack of trading volume suggests sideways price action into September is a more likely scenario.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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