The price volatility of Litecoin has increased, causing it to drop below $120 and potentially correct down to $98. The broader cryptocurrency market is experiencing selling pressure as Bitcoin surpasses $80,000. Litecoin's recovery has turned bearish, with a 6.06% intraday pullback and an 11% drop in the past week. It failed to surpass the 50% Fibonacci level at $129.38 and is currently trading at $119, suggesting a potential pullback to $110. The current downtrend undermines the Morning Star reversal rally, and Litecoin's price trend is sideways with resistance at $138 and support at $98. Technical indicators indicate a slightly bearish viewpoint. The immediate support levels are $111 and $98. However, a crypto analyst predicts a bullish trend for Litecoin if it can surpass the $136 resistance level with a daily candlestick closing above it.



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