LTC / USD has just completed a rapid downtrend, the litecoin price has halved. Of these, the Litecoin rate dropped by 20% only in the last day. Litecoin's market cap has also sagged to $ 8,983,975,000 at the time of this writing.
The price of the cryptocurrency is below the Ichimoku cloud, which indicates a downward trend in the cryptocurrency pair. The fast blue line of the Ichimoku indicator also crossed the chart from top to bottom. Which once again confirms the downward movement.
The resistance level will be the lower border of the Ichimoku cloud, level 145S. If it is not possible to overcome this mark, the decline in the LTC / USD rate will continue, this time with a target below $ 100 per Litecoin.
Thus, the forecast for the LTC / USD rate for today, January 12, assumes a short-term growth in the Litecoin rate, testing the resistance level, and an attempt to update the support level, fixing below $ 100 for one Litecoin.