$LTC bears are taking the lead.
#Litecoin price declined by 7% last week and retested its weekly support level at $77.19 on Sunday. However, it recovered most of its losses on Monday and hovered around the $85 level for the next two days. At the time of writing on Thursday, it continues to stabilize at around $85.
If LTC fails to close above the 50% price retracement level at $91.61 and faces a correction, it could extend the decline to retest its weekly support at $77.19.
