Litecoin broke below the $180 levels yesterday, March 13. Today, March 14, it has continued its journey southwards.
If the price breaks down of $168, a slide to $160 and after that to $141 is plausible. The LTC/USDpair will become positive in the short-term if the bulls break out and sustain above $200 for four hours.
As both moving averages have flattened out, we can expect a range bound action in the cryptocurrency once the decline ends.