Litecoin (LTC) has broken out of a crucial trading channel, triggering concerns of a further price drop. As of March 17, 2025, LTC is trading at $92.79
Litecoin (LTC) has broken out of a crucial trading channel, triggering concerns of a further price drop. As of March 17, 2025, LTC is trading at $92.79, marking a 2.84% increase for the day.
However, crypto analyst Ali Martinez has pointed out that LTC has slipped below the $97 support level. This is a critical price point as it had previously been acting as a safety net for LTC. Historically, such breakdowns often ignite more selling pressure.
The chart shows LTC struggling to reclaim the $97 level. If this level turns into resistance, the next major support zone is around $70, which could be the next target if the bears maintain control.
Litecoin’s Price Scenarios & Strategy
Litecoin could be headed for a prolonged bearish phase if it fails to regain strength above the $97 level. The most likely scenario sees the cryptocurrency testing the $85-$89 range before possibly extending its losses toward $70, which would be a major correction from its recent highs.
Conversely, if the bulls regain control and push LTC back above $97, it could challenge resistance levels at $103 and beyond, potentially negating the bearish outlook. However, the prevailing trend suggests that sellers are in control for now.
Several key technical indicators suggest that Litecoin’s recent downturn.
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