Litecoin (LTCUSD) continued to decline in its latest intraday trading after previously breaking a short-term corrective upward trend line. Ongoing negative pressure persists from trading below the 50-day SMA, which adds to the overall bearish momentum surrounding the cryptocurrency. This is further supported by negative signals from the relative strength indicators, despite reaching extremely oversold levels.

Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $101.85 holds, targeting the key support level of $84.25.

Todays price forecast: Bearish.