LTC News: Litecoin Breaks Parallel Channel, Analyst Forecasts Potential Drop to $70

Recent technical analysis of Litecoin (LTC) has revealed some key developments that could impact its price in the near future. Here’s a summary of the latest news and analysis.

Litecoin Breaks Under Parallel Channel: Analyst Predicts Price Move

An analyst has pointed out how Litecoin has slipped under a parallel channel recently, a pattern from technical analysis that forms when the price consolidates between two parallel trendlines. The upper line of the parallel channel is likely to be a significant resistance level for Litecoin, and the analyst predicts a move to a specific price level.

Litecoin Breaks Key Support Level, Potential Drop to $70 Forecasted

Litecoin (LTC) has broken out of a crucial trading channel, sparking concerns of a further price drop. As of March 17, 2025, LTC is trading at $92.79, marking a 2.84% increase for the day. However, analysts suggest that the recent break below the $97 support level could pave the way for a deeper decline, potentially pushing the cryptocurrency toward the $70 mark. Historically, such breakdowns often lead to intensified selling pressure as traders and investors react to the shift in market structure.

Litecoin: AI Sets LTC Price Prediction for March 25, 2025; LTC Market Makes Notable Comeback

Litecoin (LTC) made a significant comeback during the final few months of 2024 and continued its uptrend into 2025. Several firms have been exploring LTC exchange-traded funds (ETF) and filing applications with the Securities and Exchange Commission (SEC). Hashdex recently joined this trend and filed to add LTC to its crypto ETF list. This news brought about a change in the LTC market, with the asset rising from $87.34 to $90.91, recording a price surge of 1.64% in the past 24 hours.