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 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 (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.
