Litecoin price is under a lot of pressure and declined below $120 against the US Dollar. LTC/USD may continue to decline and it could even break the $100 support level.
Key Talking Points
Litecoin price dived recently and failed to stay above the $120 support (Data feed of Kraken) against the US Dollar.
There is a major descending channel forming with current resistance at $112.00 on the hourly chart of LTC/USD pair.
The pair may continue to move down and it remains at a risk of breakdown below $100.
Litecoin Price Forecast
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