Litecoin continues to fall towards its critical support zone of $114.706 to $107.102. If the bulls fail to defend this zone, prices will sink to $84.708 levels.
If the support zone holds, we may see another attempt by the bulls to break out of the downtrend line and the 20-day EMA.
While the 20-day EMA is falling, the 50-day SMA is relatively flat. So, if the immediate support holds, the LTC/USD pair can enter into a range.
We shall suggest a trade if it breaks out and closes above the 20-day EMA.