June 19 (Cointime) - The current support level for Litecoin (LTC) is crucial in determining its future trend. A breakdown from this level would invalidate a year-long bullish structure, while a sharp bounce could lead to another attempt at breaking out above $100. The analysis of LTC's weekly time frame leans bearish, with the RSI indicating a bearish trend.

However, the six-hour chart is still undetermined, and if the drop since April is a corrective A-B-C structure, the LTC price trend is actually bullish. The LTC price prediction will depend on whether it breaks below $65 or bounces at the current ascending support line, with the former leading to a drop to $50 and the latter potentially causing a bounce to $100.