Litecoin Recovers Above the $100 Key Support

Key Highlights

Litecoin has reached bearish exhaustion
Litecoin may hold above the critical

Litecoin (LTC) Current Statistics

The current price: $103.75
Market Capitalization:  $7,835,120,481.22
Trading Volume:  $1,642,917,029.78
Major supply zones: $100, $120, $140
Major demand zones: $80, $60, $40

Litecoin (LTC) Price Analysis March 4, 2025

The price of Litecoin (LTC) drops below the moving average lines but recovers above the $100 key support. The cryptocurrency asset has been trading above the moving average lines since February 26. Nevertheless, the resistance at $130 has impeded the upward movements. The price of LTC experienced strong rejection on March 3 and fell below the moving average lines, reaching a low of $100.78.

The cryptocurrency asset has reached its critical support at $100. The significant support acted as a tipping point while Litecoin was declining. Litecoin will begin to increase if the adverse trend continues above the $100 mark. To surpass the moving average lines, the altcoin will rise. The altcoin will drop to $80 low if it breaks below the $100 support.

Litecoin (LTC) Technical Indicators Reading

The price bars today show that the cryptocurrency is declining since they have dropped below the horizontal moving average lines. The horizontal moving average lines on the 4-hour chart have a downward slope. The bearish indication is indicated by the 21-day SMA being below the 50-day SMA.

What Is the Next Move for Litecoin

Following a period of decline, Litecoin is now recovering above the $100 key support. The bulls have been defending the critical support as the altcoin continues to move sideways. On the downside, the altcoin will begin its rise again if the bulls purchase the dips. In the meantime, assuming the current support holds, the crypto signal will be range-bound.

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