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LITECOIN PRICE ANALYSIS & PREDICTION (December 18) – LTC Turns Weak Amid Latest Drops, Slides Back To $120

  • Litecoin's sentiments remain positive in the mid-term as it maintains a higher high and higher low pattern on the daily chart.
  • Short-term buyers struggle with volatility and their recent commitment is not strong enough to retake the previous high of $147.
  • The current price is weak following a 5% overnight loss, and dropping below the $113 level could lead to bigger losses.
  • If Litecoin breaks above the monthly high, it could confirm a new buying phase, but the next move is currently indecisive.

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