Litecoin (LTC) has experienced a significant decline in price, dropping more than 12% in the last 24 hours. This has led to its market cap decreasing to $7.5 billion, with its price currently trading at around $100. The sharp decline has pushed LTC's RSI into oversold territory and its Chaikin Money Flow (CMF) into negative levels, indicating intense selling pressure. If the downtrend continues, LTC could test support at $92.5 and potentially drop to $80, its lowest price since November 2024. However, there is also the possibility of a recovery if momentum shifts, with resistance levels at $106, $111, and possibly $119. The RSI is currently at 26.7, suggesting oversold conditions, which could lead to a short-term reversal. However, if bearish momentum persists and the RSI continues to fall, LTC may struggle to find support. Additionally, LTC's CMF has declined, indicating increased selling pressure and capital outflow. This makes it difficult for the price to sustain any short-term rebounds. If the downtrend continues, LTC could test support at $92.5 and potentially drop to $80. However, if the trend reverses, LTC could regain momentum and push above $100, targeting resistance levels at $106, $111, and possibly $119.



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