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 $110 could tilt momentum upward, but a lack of trading volume suggests sideways price action into September is a more likely scenario.
SUBBD Presale Gains Momentum as Litecoin Traders Seek Alternatives
Litecoin’s lacklustre performance this week could prompt traders to begin rotating capital into new innovative projects like SUBBD ($SUBBD) with high upside potential. The newly-launched AI-powered platform for content creators has crossed $1 million in its presale, drawing strong early adoption from retail investors.
SUBBD Presale
At present, SUBBD has raised $1.05 million of its $1.26 million target, with tokens priced at $0.05625. The project aims to transform creator-fan engagement using AI-enhanced utility features, including premium access to influencer-endorsed content, staking benefits linked to exclusive livestreams, and discounts on platform subscriptions.
With limited discounted entry tiers remaining, investors can secure tokens directly through the official SUBBD platform before the presale cap is filled.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
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