Litecoin drops below $70, multi-currency correction technical signals now indicate warning signs

【Crypto World】 Recently, the cryptocurrency market has come under pressure, with Litecoin experiencing a clear decline. The former “digital silver” has fallen below the $70 mark, hitting a new low since April last year. Over the past seven days, Litecoin has declined by nearly 10%. Meanwhile, Bitcoin is also adjusting, hovering around $90,000; Ethereum is approaching $3,000.

On-chain data signals some concern—Litecoin’s liquidation volume is increasing, and traders’ leveraged positions are being wiped out. More notably, from a technical perspective: a bearish “death cross” has appeared on Litecoin’s weekly chart, which typically indicates potential continued downward pressure in the short term. Market sentiment remains cautious, and with multiple factors at play, mainstream cryptocurrencies are all facing some adjustment pressure.