TL; DR Breakdown

Litecoin price analysis shows litecoin is struggling to maintain price levels.
Support for LTC is present at $107.
Resistance for LTC is present at $112.
The Litecoin price analysis for today is bearish . The LTC/USD rallied high yesterday when the price surged from $106 to $111.3 in a swift move, gaining significant value. Today LTC is correcting again, and the price has decreased to $110.3 at the time of writing. After getting resistance at $111.3, LTC is correcting again as bears have taken control over the price function. Last week proved rewarding for the LTC/USD pair as the short-term price trend line is upwards, and the coin gained more than five percent value over the past week.