Litecoin Price Breakdown: Is $75 the Next Demand Zone?

As Bitcoin breaks under the $83,000 mark, the possibility of a downside risk in the crypto market has significantly increased. Amid the growing fear, Litecoin price has breached the $90 mark. 

Trading at $89.12, the LTC price trend witnesses an intraday pullback of 3.42%, with an increase in selling pressure. Is the LTC price heading to retest the $75 demand zone? Let’s find out.

Litecoin Price Exits Sideways Range 

In the daily chart, the Litecoin price trend reveals a breakdown of a consolidation range. This consolidation range extended between the $100 psychological mark and the $135 supply zone.

Despite multiple bouncebacks, the broader market pullback resulted in a breakdown in LTC price. With this breakdown, the LTC price trend breached the 200-day EMA line. 

Currently, the short consolidation range above the $85 mark is holding the Litecoin price. This has led to the increased possibility of a positive crossover between the MACD and signal lines. 

However, with the intraday pullback and the broader market sentiment turning bearish, Litecoin price is heading for a quick correction. The growing bearish sentiment is teasing a potential negative crossover between the 50 and 100-day EMA lines. 

Analyst Warns LTC Price Fall To $70

Sharing the range breakdown in his recent X post, Ali Martinez, a crypto analyst, warns of a steep correction. The analyst signals Litecoin is on the loose after exiting a parallel channel. 

#Litecoin $LTC breaks loose! Exiting this channel sets up a price move to $70. pic.twitter.com/EqpMoJ97yd

— Ali (@ali_charts) March 18, 2025

As per the analyst, the downfall in the LTC price is likely to set up a downswing at $70.

Litecoin Price Targets

Based on the price action analysis, the downfall in Litecoin is likely to test the $75 demand zone if the bulls fail to hold the fort at $85. However, Litecoin price could see a pullback to the $60 demand zone if the broader market collapses. 

On a bullish front, despite the limited chances of recovery, the 200-day EMA close to the $100 psychological mark is the immediate price target. For a sustained recovery, Litecoin must reclaim dominance at the $100 psychological mark.

Written by
Sahil Mahadik

As a full-time trader with over three years of hands-on experience in the financial markets, I have honed an exceptional proficiency in technical analysis, which is the cornerstone of my daily monitoring of price fluctuations in leading assets and indices. My journey into trading began with a deep fascination for financial instruments, and this curiosity naturally expanded into the ever-evolving world of cryptocurrencies. I am currently contributing to CryptoNewsZ and have also written for Coingape, The Coin Republic and TheMarketPeriodical. I am driven by my passion for the markets and want to explore new opportunities, I analyze emerging trends and strategies to get maximum returns in traditional and crypto markets.