Litecoin price tumbles below $100 as XRP and ADA take center stage for White House Summit

• Litecoin price tumbled below the $100 mark on Thursday, as crypto strategic reserve discussions dominate market discourse.
• With $38 million LTC short leverage far outpacing the $11 million active long positions, bears could exert further downward pressure.
• Technical indicators suggest LTCs next support level now lies at $85.

Litecoin price dipped below the $100 mark on Thursday, losing 22% in the past week as markets reacted to updates to US trade tariffs and speculation surrounding White House Crypto Summit to be held on Friday. With LTC traders mounting additional short leverage positions, LTC faces further downside risks.

Litecoin (LTC) falls behind ADA, XRP ahead of White House crypto summit

Litecoins price trajectory has turned bearish, losing momentum after an initial surge in February, when optimism surrounding a potential Litecoin ETF approval had propelled it into the ranks of top-performing assets.

However, the LTC price momentum swung downward following former President Donald Trumps March 2 announcement of a U.S. Crypto Strategic Reserve, which prioritized five specific layer-1 blockchain assets—excluding Litecoin.

Litecoin price action, March 7

LTC price has underperformed the broader crypto market, declining in four of the consecutive trading sessions since the crypto strategic reserve announcement.

As depicted above, the persistent LTC selloff, saw price plunging to a new 30-day low of $98 on Thursday.

This breach of the critical $100 psychological support level could embolden bears in the near term.

LTC Bears deploy $38M leverage as White House confirms Ripple CEOs attendance

Litecoins absence from the U.S. Crypto Strategic Reserve has prompted traders to take an aggressively bearish stance on the asset, with a notable increase in short positioning. The upcoming White House Crypto Summit—set to take place on Friday—is further accelerating this shift in market sentiment, as investors increasingly focus on assets that align with the Trump administrations crypto policies.

FOX reports confirmed that Ripple CEO Brad Garlinghouse will attend the summit, emphasizing Ripple‘s strategic importance to the administration’s crypto agenda.

The event, other high-profile figures scheduled for attendance are Coinbase CEO Brian Armstrong and Strategys Michael Saylor.

With discussions expected to revolve around regulatory clarity and the expansion of the U.S. Crypto strategic reserve, LTC bear traders are seeking to exert further influence.

Litecoin (LTC) Liquidation Map | Source: Coinglass

Data from Coinglass liquidation maps reveals a widening gap between Litecoins short and long positions.

Currently, $38 million in short futures positions significantly outweighs the $11 million in leveraged long contracts, signaling strong bearish dominance.

This disparity reinforces the narrative that traders are capitalizing on Litecoins exclusion from key policy discussions as a short-selling opportunity.

While hopes for a Litecoin ETF approval remain intact, the White House summit and the upcoming U.S. Non-Farm Payrolls (NFP) reports are likely to dominate market sentiment in the coming days.

With LTC no longer holding above $100, the asset is now vulnerable to further downside risks.

Litecoin price forecast: Bears eye $85 retest amid extended selloff

Litecoin price has declined sharply, breaching the key psychological support at $100, as bearish momentum intensifies.

The Bollinger Bands suggest heightened volatility, with LTC currently trading near the lower band at $99.77, signaling oversold conditions.

The four-day decline erased 22.40% of Litecoins value, with volume rising to 7.35 million, reinforcing sustained selling pressure.

If bulls fail to reclaim support at $100, bears could extend control toward the next major support at $85, aligning with historical demand zones.

Litecoin price forecast

The Relative Strength Index (RSI) at 37.62 indicates that Litecoin is approaching oversold territory, but a decisive bounce remains elusive.

The RSIs downward trajectory suggests weak buying interest, while its positioning below the 50-midpoint favors further downside.

If RSI slips below 30, Litecoin could enter a deep oversold phase, triggering a potential relief rally. However, the continued failure of the RSI to hold above its moving average at 47.60 underscores persistent bearish sentiment.

A bullish recovery hinges on a reclaim of $105, where the 20-day moving average (120.57) aligns with resistance.

If bulls regain momentum, a short squeeze could force liquidations, accelerating LTC toward $120. However, sustained selling, particularly from leveraged traders, could drive Litecoin toward $85, confirming a deeper bearish phase.