LTC on the cusp of an impending correction eyeing $85

  • Litecoin could plummet to $85 support amid intensifying overhead pressure.
  • The IOMAP reveals that Litecoin correction comes after hitting a supply barrier between $93.4 and $96.2.

Litecoin has since December 11 sustained an uptrend above an ascending trendline as observed on the 4-hour chart. The recent spike above $90 occurred in tandem with Bitcoin’s spike to new all-time highs above $22,000. However, it seems LTC may not hit $100 soon due to the possibility of…

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