Litecoin Price Analysis

• Litecoin tailed off from $100 with a drop of 21%.
• The support line at $83 is vital since a fall through it could plunge the price further down.
• If more momentum dies then, it may take Litecoin to $43 in the near future.

Recent price growth for Litecoin took a significant hit with losses of 21.89%, bringing its value down to $100.003799, after trading at $108.084902. Monthly LMACD shows a loss in momentum, indicating that buying interest is slowly fading. According to Tony, Litecoin initially broke above the upper Bollinger Band, appearing bullish, but the latest candlestick formation now looks bearish. Price closure below the basis line could lead to a false breakout, dragging it down to the lower Bollinger Band at $43.

> Litecoin was looking amazing – the best chart in crypto – but this market-wide selloff has made the chart look not as hot
>
> For example, the monthly LMACD now shows weakening momentum, and this candlestick structure looks UGLY
>
> Price opened above the upper Bollinger Band after a… pic.twitter.com/WJs8kXppuL
> — Tony “The Bull” Severino, CMT (@tonythebullBTC) March 4, 2025

Bollinger Bands Suggested Possible Downside

The price structure changed for Litecoin with added volatility as it struggled above the basis line at $83. Historically, breaking above the upper Bollinger Band indicated an ability to sustain upward movement, but the price was thrown back sharply. The lower JB target at $43 has become a critical watch level, especially since selling activity has increased. The resemblance of current month candlestick patterns to past notable pullbacks makes the support for this month $83. Falling below this level would pressure the price further into a bearish outlook.

LMACD Weakens as Selling Pressure Builds

The LMACD, a trend-momentum-tracking indicator, warns as its blue line lingers around 0.057227, while the negative line has dipped to -0.004669. This confirms a bearish crossover, accelerating the decline in Litecoin and targeting the lower Bollinger Band. If the bearish sentiment deepens, the current move may extend well past $83, making another downward correction likely.

Market Sentiment and Next Moves:

Should Litecoin continue to weaken, it will be under close trader scrutiny to see if it can recover above $83 before heading towards $43. The Bollinger Bands and LMACD indicate a potential downturn, necessitating caution. If Litecoin fails to regain its highs, an extended phase of dips may follow, focusing on the critical range of $83-$43 for future price activity.