Litecoin trades around \$102 on Wednesday after tumbling near 10% in the previous day. Crypto markets experience over \$500 million liquidations as hotter than expected US JOLTs jobs data triggered hawkish fears. LTC funded wallets declined to 8.06 million on Tuesday, with 40,000 traders exiting their positions in the last 3 days. Litecoin price slid 10% to hit a 7-day low of $102 on Wednesday.
On-chain metrics show a large number of LTC holders exiting their positions as hawkish US jobs data sparked downward volatility. Litecoin price struggling to hold \$100 support amid crypto market crash Litecoin, along with other major cryptocurrencies, faced significant downward pressure in early January 2025. The broader crypto sell-off was catalyzed by the United States (US) Federal Reserve's (Fed) hawkish signals, reinforced by hotter-than-expected JOLTs jobs data, which amplified expectations of fewer rate cuts in 2025. This hawkish US jobs data has caught bullish traders unaware, sparking over \$500 million in liquidations wiped out across the crypto derivatives market. The bearish market even has promptly pushed Litecoin close to the critical \$100 support level. Litecoin Price Action | LTCUSDT (Binance) The chart above shows how LTC price slid 11.2% in the last 24 hours, dropping from \$113 on Friday to a 7-day low of \$102 by Wednesday. This marks a significant pullback after a 20% Amid macroeconomic uncertainty, losing the \$100 support could expose Litecoin’s price to further downside risks. Traders shut down 40,000 LTC wallets amid macroeconomic uncertainty While the hawkish US jobs data has dominated media headlines, on-chain data show bearish pressure has been building up within the LTC market for slightly longer. While price rose 20% in the first 6 days of 2025, a large number of existing LTC holders opted to cash out. IntoTheBlock' Total Address chart below tracks the daily changes in the number of funded wallets addressed on the Litecoin blockchain networ