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. 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