Litecoin (LTCUSD) slipped lower in its latest intraday trading, pressured by continued movement below the 50-day simple moving average. This negative pressure led to a breakdown of a major short-term ascending trendline, which further intensified the surrounding bearish momentum. In the background, RSI indicators have begun forming a negative crossover after the price successfully unwound earlier oversold conditions.

Therefore, we expect the coin to decline in the upcoming intraday sessions, as long as it remains below the resistance level of $100.60, targeting the nearby key support at $93.40, with potential for a further break below it.

Todays price forecast: Bearish