Summary
TLDR: Litecoin (LTC) price, which had been doing well, is expected to fall due to declining correlation with Bitcoin and bearish price indicators. If the $100 support is not sustained, LTC could fall to $93, but if it holds, the price may bounce back to $115. Always conduct your own research and consult with a professional before making any financial decisions.
Key Points
1. Litecoin (LTC) price has reclaimed the $100 level as a support, but is expected to make an about-turn on the daily chart due to declining coordination with Bitcoin.
2. The Price Daily Active Addresses (DAA) divergence metric is hinting at bearishness, with the possibility of a major price correction as active addresses are low despite the high price.
3. Litecoin price failed to secure a rise and fell back to $105, with bearish indicators like Average Directional Index (ADX) and Moving Average Convergence Divergence (MACD) suggesting a potential fall to $93 if the $100 support is not sustained.