Litecoin (LTC) Price Prediction: LTC/USDT Edges Lower

The Litecoin market has continued to edge lower following the latest pullback from around the $130 price level. The market now appears to have breached a key support level. However, bearish progress remains dependent on the overall market sentiment.

Key Price Levels:

Resistance: $120, $125, $130

Support: $115, $110, $105

The last price candle on the Litecoin daily chart formed a red hammer-like pattern. Although this candle has brought trading below the middle band of the Bollinger Bands (BB) indicator, the BB still retains a slight upward slope.

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