Litecoin Price Loses $145 Support as Bears Continue to Break More Demand Zones

[Rockalo]

Litecoin (LTC) has continued to fall as bears break through $145 support. For the past month, Litecoin has been fluctuating between the $145 and $200 levels.

Litecoin Price Long-Term Prediction: Bearish
Yesterday, June 21, the bears managed to break through the $145 support, leading to the current downtrend. Nonetheless, the bears have pushed the cryptocurrency to a low of $122 after the initial breakdown. Litecoin is nearing another low at $118.

Last month, on May 23, the bulls bought the dips at the same price level as LTC rallied to $200. LTC/USD could move back up if support at $118 holds. However, if the price breaks this level, selling pressure will increase again. More information: please click here