Will Litecoin drop under 100?
LTC/USD COINBASE:LTCUSD
As I said before, in the past 6 months, Litecoin was very weak, in fact, one of the weakest, and my 100 target was reached.
Now, the question is, will it drop under 100? In my opinion, the chances are very high for this.
Technically the downtrend is very clear and as we can see from the chart every rally is sold.
Now the coin is trading just above 100 support and I expect a break and continuation lower.
120 is now resistance and rallies towards that zone should be sold.
