CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
NullTx 2025-03-04 14:51:36

LITECOIN PRICE ANALYSIS & PREDICTION (March 4) – LTC Takes a Downturn After Failing to Sustain Bullish, Posts 10% Loss Weekly

It’s another painful day for Litecoin’s traders and investors as the price plummets by 8% daily following a huge bloodbath overnight. LTC lost momentum and now looks highly bearish on the daily chart. Last month saw many altcoins go through a lot of dips following a back-to-back drop from their peak levels. Though LTC also registered some loss but remains strong on a weekly scale as it continues to signal bullishness. Several attempts to surpass the important $140 level proved abortive, and the crypto halted buying. This led to a drop after multiple rejections, and the price slipped into the $120 range, looking for a close support level to foot a fresh increase. Starting the week on a bearish note, the price plummeted yesterday and closed at $110, making it the first major drop this month. It reiterated actions today dipped near the psychological $100 level at the moment. It is yet to find a solid ground. Looking at the setup, the mentioned psychological level may hold for a while. A rebound from there should bring temporary relief in the market before advancing selling. Otherwise, the bleeding may get worse if the price continues to dip. It must retake the previous monthly high to consider a bullish move. As it stands, the bears have taken over. LTC’s Key Level To Watch Source: Tradingview The $100 level is a crucial battle line for both the bulls and bears. If the bears overcome it, their next target support would be $92.6, followed by the $87 and $80 levels. A strong interception from the bulls’ side should activate a bounce back to $106 and potentially $117.3 before resuming bearish. A further push could bring us back to $132. Above it lies the monthly $140 resistance. Key Resistance Levels: $106, $117.3, $132 Key Support Levels: $100, $92.6, $87 Spot Price: $101 Trend: Bearish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: monsitj/ 123RF // Image Effects by Colorcinch

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta