Litecoin Fails To Break Key Resistance Level Again – Can Bulls Hold Range Lows?
The post Litecoin Fails To Break Key Resistance Level Again – Can Bulls Hold Range Lows? appeared on BitcoinEthereumNews.com.
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 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…
Filed under: News - @ March 4, 2025 10:28 pm