$LTC /USDT - Testing a Major Support Area
The price of #Litecoin is under pressure after falling to $112.77, a decrease of nearly 1.9% during the day. The price tested its lowest level at $112.51 but failed to hold its gains near $116.86.
Litecoin's price is currently stabilizing above its immediate support area at around $112-113. If the bulls maintain this level, we may see a rebound towards $115.50-117.00 in the short term. However, a confirmed breakdown below $112 could extend losses towards $110.00, and even $108.00.
The support level at $112 is extremely critical - holding above it may keep Litecoin stable, while losing it could lead to further bearish momentum.