Weekly LTC Price Analysis: Litecoin Sees Slow Decline

Have you been studying LTC price trends and wondering what’s next for the famous crypto token? If yes, you are in the right place, as we present a comprehensive LTC price analysis of the past week. As we analyze the charts, let’s also explore what patterns and trends have emerged. At the end, we also take a look at LTC price predictions for the coming time.  

LTC Price Analysis of the Past Week: 

Litecoin started the second week of March at $100.4, having experienced multiple downtrends the previous week. A golden cross in the wee hours of March 8 called for a price gain. However, the upward momentum was not sustained as LTC experienced a downturn at 4:30 UTC, when it stood at $108. A downward channel formed, corroborated by two death crosses at 7:00 UTC and 21:00 UTC. Although the RSI ventured into the oversold zones, the selling pressure did not alleviate enough to allow for a worthwhile reversal as the extended slump continued.

Chart 1, analyzed by raodevansh18, published on TradingView, 15 March 2025

The channel took LTC to $94 by the end of March 9. At the stroke of midnight, as March 10 began, a notable golden cross formed on the MACD line, causing a reversal. A short uptrend ensued, pushing LTC back to $98.4 by 13:00 UTC on March 10. However, half an hour later, the most prominent death cross of the week would emerge. Supported by the death cross, a huge downward spike occurred as LTC traded at $86.4 by 19:00 UTC on March 10. Oversold levels were observed on the RSI, yet the downtrend continued. The fall ultimately led to LTC to a price of $84, marking this week’s low, where it found fervent support. The market again reached oversold conditions, and a reversal was warranted as the selling pressure fizzled out. 

LTC Price Trend: Uptrend Fizzles Out At Resistance

As March 11 started, a much anticipated golden cross occurred, causing an upward spike set out to undo the past 2 days’ performance. The price spiked to $87.6 in half an hour but failed to capitalize on the upturn as a trading range formed. The price fluctuated around $88 until the afternoon of March 11, as buying pressure once again started rising, and a golden cross appeared at 15:00 UTC. Subsequently, LTC spiked back to $93, finding stern resistance. The buying trend also lost steam, as Litecoin once again saw itself oscillating in a trading range, struggling to break out of the $93 resistance and the newly founded $88.3 support.  

On March 13, LTC broke out of its trading range in the afternoon, confirmed by a death cross at 13:00 UTC, leading to a drop to $86 by the evening. At 21:30, another golden cross appeared, sparking an upward trend that would continue for the coming days. The upward trend led LTC to battle the $93 resistance, but the momentum dwindled as the price approached the bar, causing another narrow trading range to form. LTC continues to hover around the $92 mark, waiting for a breakout. If it is to recover from the setbacks and get back to its heyday, the bullish pressure will have to hold and give it a sustained upward breakout. If another negative breakout occurs, it will lead to LTC abandoning its current support and dip further to sub-$ 85 prices. 

LTC Price Prediction: Can LTC Uphold The Upward Stride?

LTC’s price has been working around months-long lows, hoping for a recovery. For it to regain a $100+ position again, prolonged buying pressure would be required. For now, as the EMAs continue to work together, a breakout could occur either way. While market sentiments scream bullish, the road ahead remains rocky and full of strong reversals in store.