- Litecoin price dropped 9% over the past 24 hours as crypto markets tumbled.
- Although the bulls are trying to find support, a retest of the $200 psychological level seems likely.
- In some cases, LTC might form a triple bottom at $160.86 before triggering an upswing to $225.
Litecoin price experienced a sell-off as it set up a swing high on August 23. While this downswing sliced through a support level, it is showing signs of a rebound from its current position.
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