$LTC bears are gaining momentum.

#Litecoin dropped 7% last week, retesting its weekly support at $77.19 on Sunday. It bounced back on Monday, recovering most losses and stabilizing near $85 over the following days.

As of Thursday, LTC is still holding around $85.

However, if it fails to break above the key 50% retracement level at $91.61, a pullback could push it back down to retest the $77.19 support zone.