Bitcoin’s price fell for a third consecutive session, dipping below $71,000 to mark a new low for the year.

Litecoin (LTC) price drops to a four-month low, falling nearly 12% over the past week, and market sentiment remains cautious. However, contrasting with the price action, its on-chain usage and real demand continue to rise, indicating that this established blockchain still maintains strong vitality. From a technical perspective, LTC briefly dipped to its lowest level since October of last year on the daily chart. Although there was a short-term rebound, it is still trading below key moving averages. The RSI remains in the weak zone, and the MACD is in negative territory, indicating that the downside momentum has not yet been fully exhausted. The lower band of the Bollinger Bands is frequently touched, suggesting short-term volatility is still amplifying.