Litecoin merchants say that the low price of LTC is less than $ 100 is “accumulation” chances of “accumulation”

After a period of superior performance against the main encryption assets, the price of Litecoin (LTC) decreased to $ 94, by 26 % of the weekly open.

While commercial wars between the United States, Canada, China and Mexico continue to pressure the encryption market, many analysts have pointed out a possible opportunity in Litecoin.

Litecoin Dip follows “excessive upside” in February

In February, LTC was one of the few who showed price dominance on BTC. Litecoin remained in the Breakeven value for this month, while Bitcoin faced a decrease of 18 %. Litecoin flexibility led to a positive social comment surrounding the origin of encryption, which was largely dominated by LTC ETF files.

Santiment data indicated these developments and has identified an increase in active LTC addresses to 445,000 throughout the month.

Regardless of the current market structure, Valeriya, a encryption trader and Forex, said that Litecoin displays “signs of re -emotion”. Trading Added,

“POI) may provide favorable conditions for opening a long position. Growth capabilities: 60 %” may provide

Related: Bitcoin is no longer a “safe haven” for $ 82,000 of the price of BTC leaves gold at the top

Litecoin main levels that keep less than $ 100

From a technical perspective, Litecoin is trading in a higher unification range, as the range of resistance is still the general expenses of expenditures between 130 to 140 dollars that are not limited.

The daily graph shows that the price has been higher than the SISESESAR for 200 days (200D-Day) since November 6, 2024. Less than 200D-Dea breaks may indicate early signs to transform the high timeline (HTF).

Under these circumstances, the immediate support for Litecoin remains between $ 92, $ 100 and 80 dollars -88 dollars. As shown in the scheme, LTC Retted Support Range 1 ($ 92 to $ 100) on March 4 before he immediately recovered above 200D-Day.

The RSI also decreased to 38, which is its lowest value since August 8, 2024, with a lower deviation than the lowest level in 7 months.

Data from InTotheblock added more onchain to the support ranges specified in the chart. Between $ 79 and 90 dollars, a total of 6.86 million LTC codes were kept by 1.73 million titles, while 1.11 million titles held 17.84 million LTC codes in a range of 90 to $ 108.

Thus, with regard to trading size, $ 108 and $ 90 is the scope of direct support, while larger holders of $ 79 and $ 90 ranges.

Related: How low Bitcoin price?

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.