Litecoin Price Analysis: Slow Decline Continues—What’s Next for LTC?

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Litecoin Breaks Key Resistance, Targets $400 Amid Growing Investor Optimism

  • Litecoin has been facing strong resistance, struggling to hold gains after a brief price surge.
  • A major drop pushed LTC to $84 before finding support and stabilizing.
  • Breaking above $93 could trigger a rally, but a drop below $85 remains possible.

Litecoin — LTC, has struggled to maintain stability this week. A golden cross sparked hope for a recovery, but the price quickly reversed. Sellers took control, pushing Litecoin toward new lows. A fierce battle between bulls and bears shaped recent trends, with resistance holding firm. The market now stands at a crossroads. A breakout could trigger a strong rally, but another drop remains possible.

Litecoin Faces Strong Resistance After Steep Drop

The week began with Litecoin trading at $100.4 after previous declines. On March 8, a price action suggested a rebound, pushing the price to $108. However, momentum faded as sellers re-entered. A downward channel formed, reinforced by two death crosses. Despite dipping into oversold conditions, buyers failed to reverse the trend.

By March 9, Litecoin had fallen to $94 with no clear recovery in sight. As March 10 started, a golden cross led to a short-lived rise. The price climbed to $98.4 before another sharp decline. A major death cross sent Litecoin tumbling to $86.4, marking the largest drop of the week. Buyers stepped in at $84, creating strong support.

Will Litecoin Recover or Dip Further?

March 11 brought renewed optimism. A golden cross pushed Litecoin to $87.6, but resistance at $93 proved too strong. Bulls struggled to maintain momentum, leading to a narrow trading range. Prices fluctuated between $88.3 and $93, with neither side gaining full control. On March 13, a death cross triggered a drop to $86.

Later that evening, a golden cross sparked buying activity. Litecoin climbed back to $92, but resistance remained firm. Breaking above $93 could set the stage for a rally toward $100. A failure to hold support might send prices below $85. The next move depends on whether bulls can sustain enough pressure for a breakout.

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