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The correction continues on the market, and all of the top 10 coins are in the red zone, according to CoinMarketCap.
LTC/USD
The price of Litecoin (LTC) has fallen by 9% over the last 24 hours.
On the hourly chart, the rate of LTC is in the middle of the local channel, between the support of $106.08 and the resistance of $117.32.
Denys SerhiichukAs most of the daily ATR has been passed, there are low chances of seeing sharp moves by tomorrow.
On the bigger time frame, one should pay attention to the nearest level of $111.33. If its false breakout occurs, buyers might witness a local bounce back to the $115-$120 area.
From the midterm point of view, none of the sides is dominating. In that case, one should focus on the nearest vital zone of $100. If it breaks out, there is a possibility of seeing a test of the support of $91.62 soon.
Litecoin is trading at $111.85 at press time.
Dan Burgin
Vladislav Sopov