Litecoin has been having a rough week… and a rough few years.

After smacking its head on $131, LTC tumbled back down, and now everyone's watching $113 like it's the last episode of a nail-biting sitcom.

What used to be silver to Bitcoin’s gold isn’t shining like it used to, but if it can turn this around, it might just have a shot at glory once again.

The Bounce That Wasn't

That rejection at $131 was gut-wrenching for technical analysts. 

It was the kind of reversal that makes traders check their charts twice to ensure they’ve properly hedged. 

Sellers showed up in force, seemingly out of nowhere, the bulls got scared, and, in a tale as old as time, that upward momentum that looked oh-so-promising evaporated like a warm puddle in the fresh summer sunlight. 

And now, it might be looking more like winter for good old Litecoin.

The Magic Number

Now, all eyes are on $113, which has essentially just become Litecoin's safety net. 

If that line in the sand holds, we might see another run at $131. 

If it breaks... well, traders will be disappointed, and long-term holders will be none the worse for ware – at this point, they’re likely used to Litecoin disappointing.

The silver lining, though – the RSI is flirting with 50%, meaning we’re not oversold… but not overbought, so it’s like being at a party and not knowing whether to stay or leave. 

Drop below that, and we might see even more sellers come out of the woodwork to hammer Litecoin lower – could we even see double-digit Litecoin before it’s all said and done? 

Two Ways This Could Play Out

If the bulls wake up and defend $113, we could see Litecoin dust itself off and take another swing at $131. 

Push through that, and $146.8 isn't just hopium anymore – sure, it’s not the moon, but at this point in history, HODLers are taking whatever wins they can. 

The other side of the coin is that if sellers keep piling in and crack $113, the next stops are $97.9 and $89.7… so yes, double-digit Litecoin is very much still in play.

That's the kind of drop that can turn even the most diamond of hands into panic sellers, especially if the rest of the market starts to shape up in a more bullish formation.

But let’s be honest: Litecoin isn't moving in a vacuum and is heavily correlated with the rest of the market, as expected. 

Between regulators playing whack-a-mole with crypto and the macro picture looking shaky, as it has for all of 2025 so far, anything could happen.

Where To Go From Here

Litecoin once again finds itself standing at a crossroads, and the next move could set the tone for weeks to come. 

$113 is now the difference between "buy the dip" and "catch the knife."

For now, keep your eyes on that level.

Or, if you’ve been holding Litecoin for years, you probably already have a few knives in your palm, so may as well hang on tight.