Litecoin (LTC) Drops 29% in Volatile Trading

On March 10, 2025, Litecoin (LTC) faced a critical juncture as it aimed to break through the $98 resistance level. The cryptocurrency had experienced a tumultuous week, with a sharp decline from $127.79 to $102.15, indicating strong selling pressure and a bearish trend. As the day began, traders closely monitored the $96 support level, hoping for a potential rebound or further decline.

Throughout the day, LTC exhibited volatile price movements. Initially, a golden cross on the MACD indicator at 00:40 UTC pushed the price from $101.91 to $102.76. However, this upward momentum was short-lived as a death cross formed, pulling the price into a downward channel. By 06:45 UTC, LTC was trading at $100.2. Another golden cross at 06:55 UTC briefly lifted the price to $101.7, but overbought conditions on the RSI indicator signaled a potential decline.

The RSI continued to dip, entering the oversold region between 10:00 and 11:00 UTC. At 11:00 UTC, LTC traded at $98.6, supported by a golden cross. However, the price failed to capitalize on this momentum and entered a trading range. At 13:50, a sudden plunge to $97.54 followed a death cross on the MACD, but the trend quickly reversed, and LTC climbed back to the $100 mark by 15:30 UTC. A notable death cross at 16:10 UTC caused the price to drop from $100.58 to $96.5 by 16:50 UTC. Despite a short reversal, the slump continued, with LTC finding support at $95.29.

The RSI entered the oversold zones, signaling a potential trend reversal. This was further supported by a golden cross at 18:20 UTC, helping LTC reach $97.75 by 20:10 UTC. However, the longer EMA soon caught up with the shorter one, and a death cross signaled an impending price drop, taking the value to