Fun

Litecoin Fails To Break Key Resistance Level Again – Can Bulls Hold Range Lows?

News Feed - 2025-03-05 06:03:33

Este artículo también está disponible en español.


Litecoin has faced a massive drop as the entire crypto market experiences intense selling pressure. Increased volatility has driven sharp price swings, with LTC plunging from $130 to $100 in a matter of hours. This steep decline has raised concerns among investors as Litecoin struggles to maintain key support levels. Related Reading Dogecoin Breaks Above Falling Wedge Pattern – Analyst Sets $0.43 Target 1 day ago


Market uncertainty has left Litecoin trading at a crucial level, with bulls trying to defend $100 amid persistent selling pressure. The failure to hold above higher price ranges suggests a weakened bullish structure, increasing the risk of further declines.


Top analyst BigCheds shared a technical analysis highlighting that this is the third time Litecoin has thrown back to the $100 level. Historically, repeated retests of key support zones increase the likelihood of a breakdown, adding to the bearish sentiment surrounding LTC. If the $100 level fails to hold, Litecoin could face a deeper correction, aligning with the broader market downturn.


Traders are now closely watching Litecoin’s next move to determine whether it can stabilize or if another wave of selling will push it lower. With volatility dominating the market, LTC remains at a pivotal moment that could dictate its price action in the coming weeks. Litecoin Keeps Holding The Range


Litecoin is currently trading between key liquidity levels after months of volatility and uncertainty in the market. Despite its turbulent price action, LTC has shown relative strength in recent weeks, managing to hold key support levels. However, it continues to struggle against significant resistance, preventing a clear trend from forming.


The main issue facing Litecoin is its inability to break above supply levels, keeping price action in a tight range. While bulls have attempted to push LTC higher, sellers at major resistance levels have repeatedly stalled momentum. Without a decisive breakout, Litecoin remains stuck in a consolidation phase, leaving traders unsure of its next move.


BigCheds’ technical analysis highlighted that another high-timeframe (HTF) throwback to the $100 range followed a $130 supply level rejection. This marks the third time Litecoin has tested the $100 support zone, a level that has been crucial in preventing deeper declines. If LTC fails to hold this area, it could trigger a more extended correction. Litecoin retraces from $130 level again | Source: BigCheds on X


A breakout above $130 or a breakdown below $100 will likely determine Litecoin’s next major move. Until then, traders remain cautious as price action continues to signal uncertainty and indecision. The coming days will be critical in deciding whether LTC can reclaim higher levels or face another wave of selling pressure. Related Reading Bitcoin Reclaims Key Levels And Faces Resistance At $97K – Can It Break $100K This Week? 1 day ago Price Action Details: Key Levels To Hold


Litecoin is currently trading at $102 after a massive drop from the $130 mark, leaving bulls in a critical position to defend key levels. The recent decline has pushed LTC to the lower boundary of its trading range, testing crucial support that has held multiple times in recent months. LTC Testing crucial demand around $100 | Source: LTCUSDT chart on TradingView


So far, price action has respected both supply and demand zones, with resistance around $130-$140 and support near $100. This channel structure has defined Litecoin’s movement, keeping it within a clear range-bound pattern. Bulls must now hold the current level to sustain this channel thesis, preventing further downside.


eIf Litecoin confirms a breakout above $130, it could signal the start of a new bullish trend, pushing LTC toward higher levels. However, a break below $100 would indicate a loss of demand, likely triggering a deeper correction and increasing selling pressure. Related Reading Dogecoin Will Start A Move To $4 If Current Demand Holds – Can Bulls Step In? 2 days ago


For now, traders are closely watching whether LTC will hold or break its current support zone. The next major move will likely come from a decisive breakout in either direction, setting the stage for Litecoin’s trend in the coming weeks.


Featured image from Dall-E, chart from TradingView

News Feed

South Korean police catch $4.1M crypto scam duo
Arijit Sarkar13 hours agoSouth Korean police catch $4.1M crypto scam duoScammers falsely guaranteed 70% profits on an investment of 1 billion South Korean won within a month and stole 5.5 billion won in six different tra
Bitcoin Near ‘Extreme Bubble’ but Tesla More Vulnerable: Deutsche Bank Survey
Bitcoin Near "Extreme Bubble" but Tesla More Vulnerable: Deutsche Bank Survey Deutsche Bank has conducted a survey about financial bubbles. Eighty-nine percent o
FTX Co-Founder’s Alleged Extravagance Comes to Light in Bankruptcy Court Documents
FTX Co-Founder"s Alleged Extravagance Comes to Light in Bankruptcy Court Documents Following the court filing that shows FTX co-founder Sam Bankman-Fried (SBF) wants access to FTX
Biden Slammed After Stating Inflation Hasn’t Spiked for Months — ‘I Am More Optimistic Than I’ve Been in a Long Time’
Biden Slammed After Stating Inflation Hasn"t Spiked for Months — "I Am More Optimistic Than I"ve Been in a Long Time" U.S. President Joe Biden has shared his perspective on infla
Veteran Analyst Predicts Bitcoin Surge To $150K — Here’s The Timeline
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Traders rush to short Ether as Grayscale pulls its futures ETF plan
Ciaran Lyons2 hours agoTraders rush to short Ether as Grayscale pulls its futures ETF planA 3% rebound in Ether’s price would wipe $345 million in short positions amid Grayscale withdrawing its Ether futures ETF applic
105 Countries Are Exploring Central Bank Digital Currencies, CBDC Tracker Shows
105 Countries Are Exploring Central Bank Digital Currencies, CBDC Tracker Shows There are now 105 countries that are exploring central bank digital currencies (CBDCs). Among them,
Silvergate Bank Terminates Crypto Payments Network as Shares Plunge to Record Low
Silvergate Bank Terminates Crypto Payments Network as Shares Plunge to Record Low Silvergate Bank has discontinued its cryptocurrency payments network. The decision to shut down Si
Pakistanis Lose Millions to Crypto Scam, Pakistan Issues Notice to Binance
Pakistanis Lose Millions to Crypto Scam, Pakistan Issues Notice to Binance Investors from Pakistan have become victims of a massive fraud using cryptocurrency. The country’s
Marcel Pechman5 hours agoWill Bitcoin ever trade below $27,000 again?On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses whether Bitcoin will ever be below $27,000 again. Have you m
WSJ faces defamation lawsuit tied to Tether-Bitfinex article
Ana Paula Pereira6 hours agoWSJ faces defamation lawsuit tied to Tether-Bitfinex articleOver a year after alleging fraud and money laundering associated with Tether-Bitfinex, the Journal has now removed any mention of Ch
Sam Altman rejoins OpenAI board, following investigation
Ciaran Lyons3 hours agoSam Altman rejoins OpenAI board, following investigationAccording to a recent statement, the OpenAI board was unaware of the extent to which abruptly removing Sam Altman would destabilize the compa