- Litecoin price is hovering just under the 50% Fibonacci retracement level at $171.62.
- Binance announced a reverse token split of LTC leveraged tokens.
- A breakdown of the $135.97 support level will invalidate the bullish thesis.
Litecoin price is currently experiencing a decreased bullish momentum, which could result in a sideways movement or a pullback. While this retracement is necessary, it will provide buyers an opportunity to book profits and come back stronger.
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