Litecoin's 24-Hour Volatility Sees 10% Drop, $90 Mark Unreachable

Litecoin (LTC) has experienced significant volatility over the past 24 hours, with the cryptocurrency attempting to break above the $90 mark. The day began with a consecutive death cross and golden cross pattern, causing the price to initially drop and then recover, standing at $96.31 at 01:00 UTC. Despite two additional death crosses forming on the MACD line, the overall trend remained slightly upward, with a bullish triangle hinting at further upward movement. The price entered a trading range at $96.21 at 04:30 AM UTC.

An hour later, a death cross marked further descent, but it was controlled. The price saw a negative breakout out of the trading range, reaching $94.85 by 09:10 in the morning. At that point, the MACD line showed a significant golden cross, as the price spiked upward and reached $99.12 by 09:20 UTC, establishing its 24-hour high. However, LTC’s fluctuation at the $100 resistance continued, and it could not sustain the climb. The RSI reached overbought levels, and selling pressure increased as the price was again brought down to the support level at $95.9 at 10:25. With the MACD and RSI looking conducive for another upward trend, the price again ventured close to $99 but failed to capitalize as an extended downtrend began.

The trend began with a sudden plunge, with LTC going from $96 to $92.3, shattering the key support level. The downturn eventually led LTC to find support at $87.74 at 19:00. Supported by a golden cross, the price attempted an ascent, getting rejected by a $89.8 resistance. The price fluctuated between the new resistance and $87.10, ending the day at $87.55.

March 11 started with a dip for LTC, as it went from $88.15 to $83.67 at 01:10 UTC, characterized by a death cross at 00:15 and the RSI reporting oversold levels. At 01:30, a golden cross appeared as LTC again started ascending