Litecoin has suffered another big upside rejection from the $120.00 region, further increasing the chances of a swift downside correction for the LTCUSD pair. Traders that are bearish towards Litecoin may be targeting a coming decline towards the $85.00 area. To the upside, dip-buyers could be looking for a buying opportunity below the $90.00 level, with the $140.00 level being the main upside target.

The LTCUSD pair is only bullish while trading above the $100.00 level, key resistance is found at the $120.00 and the $140.00 levels.

If the LTCUSD pair trades below the $100.00, sellers may test the $90.00 and $85.00 support levels.