Litecoin (LTC) has struggled to find stability this week, with intense volatility shaping its price action. Despite a golden cross briefly sparking hopes of a recovery, sellers quickly regained control, driving Litecoin to fresh lows. The market now teeters at a crucial juncture—will LTC break resistance and rally, or is another dip imminent?
$LTC is at a crucial point…đź‘€
— The Analyst (@MMatters22596) March 13, 2025
Litecoin must not fall below the red resistance line on a sustained basis, if that happens we will have to redesign our count and $LTC would fall significantly lower again.
All eyes on $LTC in the coming days… pic.twitter.com/hnlbpdqeDA
A Volatile Start to the Week
The week began with Litecoin trading at $100.4 following prior declines. On March 8, bullish momentum attempted a rebound, briefly pushing the price to $108. However, the surge was short-lived as selling pressure mounted. A downward channel took shape, reinforced by two death crosses—bearish signals that typically indicate further declines. Despite slipping into oversold territory, buyers failed to establish a lasting uptrend.
By March 9, Litecoin had dropped to $94 with no clear signs of recovery. The situation worsened on March 10 when a golden cross triggered a short-lived rally to $98.4 before another wave of selling pressure sent LTC tumbling. A major death cross on the charts saw Litecoin plummet to $86.4—the steepest drop of the week. Buyers finally stepped in at $84, creating a strong support level that helped stabilize the price.
Will Litecoin Break Out or Drop Further?
March 11 reignited bullish sentiment as another golden cross pushed Litecoin to $87.6. However, resistance at $93 proved formidable. Bulls struggled to maintain momentum, keeping prices locked in a tight range between $88.3 and $93. Neither buyers nor sellers could establish dominance, leading to choppy price action.
On March 13, another death cross triggered a decline to $86, only for Litecoin to rebound to $92 later in the day after a golden cross encouraged fresh buying. Despite this, resistance at $93 remained intact. A decisive breakout above this level could fuel a rally toward $100, but failure to hold support may send LTC below $85.
Also Read: Litecoin (LTC) Poised for Rebound? Key Metrics Signal Bullish Recovery After Market Dip
The coming days will determine whether bulls can build enough strength to push Litecoin higher or if bears will take control once more. For now, the market remains at a critical crossroads.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
