Litecoin (LTCUSD) declined in its latest intraday trading, under the dominance of a short-term corrective bearish wave and moving along a descending trendline, breaking below the 50-day simple moving average, which increases the surrounding negative pressure. This comes alongside the emergence of bearish signals on the RSI after reaching highly overbought levels, further reinforcing the downside outlook.

Therefore, we expect the cryptocurrency to fall in upcoming trading sessions, as long as it remains below the 121.00 resistance level, targeting the support level at 112.00.

Todays price forecast: Bearish.