фото показано с : captainaltcoin.com

The Litecoin LTC price has broken its support level of $65, which has been intact since 2016. The price has closed below this level for the first time in the last nine years. Breaks at this scale draw immediate market attention.

Veteran trader Matthew Dixon flagged the move after the first confirmed close below the support. He warned that the break was likely and said he exited major holdings earlier in January to wait for lower levels. His message was simple: this is not a minor technical event.

However, the broken line acted as a floor through multiple cycles. It has survived the 2017 top, the 2018 bear market, the 2020 crash, and the 2021 rally. Buyers stepped in at this level again and again. Losing it changes the structure.

When long-term support fails, it often turns into resistance. That means any bounce back toward the broken line can meet selling. It also tells long-term holders that the market has accepted lower prices, at least for now.

On the weekly chart, the Litecoin price has been pressing lower for months. The latest candle pushed price under the trendline and held there into the close. That confirms the break.

Momentum has faded as well. RSI sits below the mid-range, showing weak demand. Volume picked up on the move down, which adds weight to the breakdown. These are not signs of strong buying interest.

This does not mean the LTC price must fall straight down. Markets often pause or bounce after major breaks. But the path of least resistance stays lower until price can reclaim the lost level.

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With the floor gone, traders will watch how price behaves on any rebound. A move back toward the broken support area will be a key test. Failure there would reinforce the bearish case.

On the downside, the next areas to watch sit well below current price, where the Litecoin price traded before the last major expansion. Those zones may attract buyers looking for value, but they are not close.

Context matters too. The broader crypto market remains fragile, and risk appetite is thin. In that environment, assets that lose long-term support often underperform.

The Litecoin price breaking a 9-year floor is a serious technical event. It marks a shift in market structure and raises the risk of deeper downside. Traders who ignored the warning signs now face a different setup.

That being said, Litecoin is not dead. It simply means the burden of proof is on the buyer, however, until the LTC price reclaims this broken level, rallies will be tested, and patience is a virtue, not prediction.

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The post Litecoin (LTC) Price Cracks a 9-Year Floor –  Here’s Why This Breakdown Matters appeared first on CaptainAltcoin.

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