- Litecoin price has formed a head and shoulders pattern on a 4-hour chart indicating a bearish outlook.
- If LTC slices through the neckline at $191.86, a 15% drop to $159.85 seems likely.
- However, a bounce from the demand barrier leading to a decisive close above $208 could invalidate the bearish setup.
Litecoin price has tapped a demand barrier multiple times in the last two weeks. Therefore, a breakdown of this level could spell disaster for LTC.
Litecoin price at crossroads
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