Litecoin price nears key weekly resistance with downside risk toward $50 if rejected ⚖️
Litecoin price is approaching a crucial resistance zone between $135 and $140, posing a significant threat to its current uptrend. A rejection here could lead to a bearish shift, potentially pushing the price down to as low as $50. This comes after Litecoin (LTC) price successfully tested its ascending trendline support near $100 on the weekly chart, maintaining its overall positive structure.