The cryptocurrency market continues to experience a correction, with all of the top 10 coins seeing declines. Litecoin (LTC) has dropped by 9% in the past day. On the hourly chart, LTC is trading between the support level of $106.08 and the resistance level of $117.32. With most of the daily average true range (ATR) already passed, it is unlikely that there will be significant price movements tomorrow. On the larger time frame, attention should be paid to the nearest level of $111.33, as a false breakout could lead to a bounce back to the $115-$120 range. Currently, there is no dominant side in the midterm, so focus should be on the critical zone of $100. If this level is broken, there is a chance of testing the support at $91.62. At the time of writing, Litecoin is trading at $111.85.



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