The post Litecoin traders say LTC price dips below $100 are ‘accumulation’ opportunities appeared on BitcoinEthereumNews.com.

After a period of outperformance against major crypto assets, Litecoin’s (LTC) price dropped as low as $94, a 26% fall from the weekly open. While the trade wars between the US, Canada, China, and Mexico continue to pressure the crypto market, multiple analysts have pointed out a potential opportunity in Litecoin.  Litecoin dip follows “overly bullish commentary” in February In February, LTC was one of the few altcoins that exhibited price dominance against BTC. Litecoin remained at breakeven value for the month, while Bitcoin faced an 18% drop. Litecoin’s resilience led to positive social commentary surrounding the crypto asset, which was largely dominated by the spot LTC ETF filings.  Litecoin address activity in February. Source: X.com Santiment data pointed out these developments and identified an increase in LTC active addresses to 445,000 over the month. Irrespective of the current market structure, Valeriya, a crypto and Forex trader, stated that Litecoin displays “signs of reaccumulation.” The trader added,  “Testing the indicated level (POI) may provide favorable conditions for opening a long position. Growth potential: 60%” Litecoin 1-day chart. Source: Valeriya / X Related: Bitcoin no longer ‘safe haven’ as $82K BTC price dive leaves gold on top Key Litecoin levels to hold under $100 From a technical perspective, Litecoin trades in a higher consolidation range, where the overhead resistance range of $130 to $140 remains unbreached. The daily chart shows that the price has remained above the 200-day exponential moving average (200D-EMA) since Nov. 6, 2024. A break below the 200D-EMA might indicate the early signs of a high time frame (HTF) bearish shift.  Litecoin 1-day chart. Source: Cointelegraph/TradingView Under those circumstances, the immediate support for Litecoin remains between $92 to $100 and $80-$88. As illustrated in the chart, LTC retested support range 1 ($92 to $100) on March 4 before immediately recovering above…

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Filed under: News - @ March 7, 2025 8:29 am