The post Litecoin (LTC) Price Prediction for March 3 appeared on BitcoinEthereumNews.com.

As of now, Litecoin (LTC) is trading at $114.56, after experiencing a 10.15% decline in the last 24 hours, although it is down 6.87% over the last 30 days. This recent volatility highlights the dynamic and sometimes unpredictable nature of the crypto market, making short-term forecasts both challenging and intriguing. Litecoin Price Analysis The token has experienced a sharp 10.15% drop over the past 24 hours, which might be attributed to short-term profit-taking or a brief market correction. However, despite today’s significant decline, LTC has only fallen 6.87% over the past 30 days, suggesting that while there is short-term bearish sentiment, the overall medium-term trend remains relatively stable. The 20-day and 50-day Simple Moving Averages (SMAs) are key for assessing Litecoin’s near-term momentum. Currently, LTC’s price is trading below these short-term averages, which may indicate short-term bearish pressure. However, if the price can recover and close above these averages, it could signal the beginning of a rebound. The 100-day and 200-day SMAs provide insights into the broader trend. Although LTC is down in the short term, maintaining its position above these longer-term averages would be a bullish sign, suggesting that the overall uptrend is intact. Conversely, if the price continues to fall below these levels, it might indicate a more prolonged bearish phase. Litecoin Price Prediction If LTC manages to hold its immediate support around $110.00 to $112.00 and volume increases to confirm a buying trend, the price could rebound. In this scenario, Litecoin might rally to the resistance area of $120.00 to $122.00, signaling the start of a recovery phase. This rally would indicate that the recent short-term drop was a temporary correction within a longer-term upward trajectory. Conversely, if the selling pressure intensifies and LTC fails to hold support, the price could slide further. In such a case,…

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Filed under: News - @ March 4, 2025 9:20 am