LTC vulnerable to massive sell-off if $100 gives way

• Litecoin retreated from the recent high amid healthy correction.
• The price may extend the decline if $100 is broken.

Litecoin (LTC) topped at $124.7 on December 19 ad started the correction. At the time of writing, the token is changing hands at $102, down about 20% from the recent high. The global see-off on the cryptocurrency market increased the bearish pressure on LTC; however, it looks pretty healthy relative to other major digital assets.

Currently, Litecoin…