Litecoin Price Prediction: LTC/USD May Come Below $100 ByAzeez MustaphaPRO INVESTOR Updated: 04 March 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Litecoin Price Prediction – March 4 The Litecoin price prediction shows that LTC is likely to make a comeback within the channel as its sell-offs may be extended further. LTC/USD Market Key Levels: Resistance levels: $145, $155, $165 Support levels: $75, $65, $55 LTCUSD – Daily Chart Buy Bitcoin Now LTC/USD is currently changing hands at $104.09, down from the recent high of $112.71 that was attained during the European session today. The Litecoin price is moving synchronously below the 9-day and 21-day moving averages on the market, and it is mainly influenced by speculative sentiment and technical factors, while the coin may continue to follow a downward movement in the coming session. Litecoin Price Prediction: Litecoin (LTC) Ready for the Downside The Litecoin price is hovering below the 9-day and 21-day moving averages as bulls failed to hold the ground. The widespread retracement on the market could push the coin to the south with the next local support located at $100 as this level is likely to limit the correction to serve as a jumping-off ground for another bullish movement. However, if the coin continues to drop, it is likely for the sell-off to gain traction with the next focus on $75, $65, and $55 support levels. On the upside, the initial resistance may be created above the upper boundary of the channel at the $130 level and traders may need to see a sustainable move to the upside. The further bullish movement could touch the resistance levels of $145, $155, and $165. On the contrary, the technical indicator Relative Strength Index (14) is moving to cross below 50-level, suggesting more bearish signals. When compares with Bitcoin, the Litecoin price continues to experience a serious downtrend, as the coin moves below the 9-day and 21-day moving averages. The bulls could not push the market to the upside as the technical indicator Relative Strength Index (14) remains below 40-level. LTCBTC – Daily Chart However, the critical support level could be located at 2100 SAT and below. Moreover, if bulls begin to power the market, the coin may likely break above the 9-day and 21-day moving averages to find the potential resistance level at 3100 SAT and above. Looking to buy or trade Bitcoin (BTC) now? Invest at eToro! Buy Bitcoin Now 68% of retail investor accounts lose money when trading CFDs with this provider Read more: How to buy Litecoin How to buy Cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage