Litecoin Retreat? A Drop Below $100 Still A Possibility—Analyst

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These basic indicators show a strong adoption rate that contrasts sharply with the present price downturn, therefore creating an interesting scenario for market observers.#Litecoin $LTC faced rejection at the $135 resistance, which could lead to a pullback toward support at $98! pic.twitter.com/UchvWgc6G8 — Ali (@ali_charts) February 23, 2025 Technical Patterns Indicate Potential Downturn Ali Martinez, a known crypto analyst, has detected a parallel channel formation on the daily chart of Litecoin that concerns him.

Analyst Spots A Crucial Setup For A Major Rally The crypto is presently valued at $112, reflecting a 9% decline over the past 24 hours, making its trajectory a topic of interest for investors amid a broader market downturn that has led to over $250 million in liquidations across cryptocurrency exchanges.

Related Reading: Chainlink Activity Spikes—2,300 Fresh Addresses In Last 7 Weeks Strategic Opportunities Emerge From Volatility The current state of the Litecoin market is a critical turning point for investors.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaNorth KoreaSouth KoreaPhilippines

Topics: Cryptocurrency Market News Ltc Bitcoin Etf Crypto Litecoin Altcoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 19:00:37 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 435 words

Reading Time: 3 minutes read

Sentences: 70 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 26442107

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Main Topics: Crypto

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