Litecoin (LTCUSD) declined in its latest intraday trading, amid continued negative pressure resulting from trading below its 50-day SMA and under the dominance of a main short-term descending trend. In addition, we note the renewal of negative signals on the RSI indicators after the price successfully relieved its previous oversold saturation, which further intensifies the negative pressures surrounding it.

Therefore we expect the cryptocurrency to decline in its upcoming intraday trading, as long as it remains below the resistance level of $86.90, targeting the pivotal support level of $79.70.

Todays price forecast: Bearish