Litecoin (LTC) price drops 7% as it battles key support above 120 USD

The price drop has left Litecoin (LTC) at 49.5 on the Relative Strength Index, indicating neutral momentum. Ichimoku Cloud analysis reveals the price is near key support levels, suggesting possible consolidation or trend reversal.

If bullish momentum returns, LTC may reach 141 USD, representing a 14% rise. Conversely, a bearish trend could see its price decline to 106 USD, signaling a 14% drop if trends persist.

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