Litecoin Price Prediction for Today, March 5 – LTC Technical Analysis

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Litecoin Price Prediction for Today, March 5 – LTC Technical Analysis
Litecoin Price Prediction for Today, March 5 – LTC Technical Analysis

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The Litecoin price prediction shows that LTC is currently experiencing a downward trend against the US dollar, which is in line with the broader cryptocurrency market.

Litecoin Price Data:

  • Litecoin price now – $99.98
  • Litecoin market cap – $7.71 billion
  • Litecoin circulating supply – 75.55 million
  • Litecoin total supply – 84 million
  • Litecoin Coinmarketcap ranking – #18

Getting into crypto projects early can be highly rewarding, as seen with Litecoin (LTC). Since its all-time low of just $1.11 on January 14, 2015, LTC has skyrocketed by an impressive 9,390.73%, proving the potential of long-term holding. While it reached an all-time high of $412.96 on May 10, 2021, recent price action shows a 24-hour low of $94.65 and a high of $105.70. This massive growth highlights why early adoption in promising crypto projects can be a game-changer for investors.

LTC/USD Market

Key Levels:

Resistance levels: $130, $140, $150

Support levels: $75, $65, $55

Litecoin Price Prediction for Today, March 5 – LTC Technical Analysis
LTCUSD – Daily Chart

According to the daily chart, LTC/USD shows a significant price drop, currently trading around $99.98, after a 9.02% decline. The price has broken below the 9-day MA (118.99) and is approaching the lower boundary of the ascending channel, which has been acting as a key support zone. If the current bearish momentum continues, LTC could test the $75 support level, a critical price area that has historically acted as a strong buying zone. The increasing selling volume further confirms bearish dominance, making a deeper correction more likely unless bulls step in to defend this support.

Litecoin Price Prediction: Litecoin (LTC) Trades Bearishly

The Litecoin price may continue to face a downtrend if the price crosses below the lower boundary of the channel. However, despite the current sell-off, LTC is still trading within an overall bullish structure, as the price has been forming higher highs and higher lows within the ascending channel. If the channel support holds, we could see a potential rebound towards the 9-day MA ($118.99) and 21-day MA ($124.10). Therefore, a decisive break above these moving averages would signal renewed bullish strength, with the next resistance at $120, where sellers might become active again. However, failure to regain momentum above the moving averages could lead to further consolidation within the lower half of the channel.

Critical Level For Litecoin – Litecoin (LTC) Price Prediction & News 2025

In other words, if $85 fails to hold as support, LTC could experience further downside pressure, potentially leading to a broader trend reversal. This would invalidate the current ascending channel and open the door for more bearish movement toward the critical supports at $75, $65, and $55 respectively. Traders should watch for volume spikes and price action signals around the support zone to confirm a potential reversal or breakdown. For bullish confirmation, a breakout above $125 is needed, which would reinforce the long-term uptrend and potentially push LTC toward higher resistance levels at $130, $140, and $150.

LTC/BTC Heads to the South

Against Bitcoin, the daily chart for LTC/BTC shows a sharp decline, with the price currently trading at 1214 SAT, following a 4.78% drop. The market has broken below the 9-day MA (1370 SAT) and is now approaching the lower boundary of the ascending channel. The 21-day MA (1342 SAT) is also acting as a dynamic resistance, suggesting that the bearish pressure is intensifying. If sellers maintain control, LTC/BTC could test the next major support level at 850 SAT, which has historically acted as a strong demand zone. A break below this level would indicate further downside risks and potential trend reversal.

Litecoin Price Prediction for Today, March 5 – LTC Technical Analysis
LTCBTC – Daily Chart

However, if the lower boundary of the channel holds, a bounce-back toward the 9-day MA (1370 SAT) and 21-day MA (1342 SAT) could be expected. For a bullish confirmation, LTC/BTC must reclaim these moving averages and push toward the 1600 SAT resistance level, where significant selling pressure may emerge. If buyers fail to regain control, the market may continue consolidating or decline further. Traders should monitor volume and price action signals closely to determine whether this correction is temporary or the beginning of a deeper bearish move.

Meanwhile, @AltstreetBet informed their followers on X (formerly Twitter) that Litecoin ($LTC) has entered a corrective ABC structure, indicating potential downside risk. They cautioned holders to be vigilant, as LTC could retrace to its 2021 lows if the bearish pattern plays out.

Alternatives to Litecoin

Litecoin remains bearish in the short term, but signs of seller exhaustion and strong support at lower levels suggest a potential trend reversal. While traders should wait for clear bullish confirmation, accumulating around the $96–$100 range could be a strategic move given the favorable risk-reward ratio. Meanwhile, the Best Wallet platform offers a seamless way to buy and manage Litecoin alongside its native token, $BEST. Similar to exchange-based tokens like BNB and CRO, $BEST holders enjoy benefits such as reduced transaction fees, early access to new projects, and higher staking rewards. Currently, in its presale phase, $BEST presents a promising investment opportunity, though potential investors are encouraged to conduct their research before participating.

Best Wallet – $BEST Coin Review

As the platform continues to innovate with features like seamless token swaps, portfolio management, and an upcoming debit card for direct crypto spending, demand for $BEST is expected to rise. The presale phase is still open, but with a price increase approaching soon, now is the perfect time to secure $BEST at a lower cost before its value potentially surges. Don’t miss out—conduct your research and take advantage of this early investment opportunity.

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