After failing to find any buying momentum in the past three days, Litecoin has resumed its downtrend, towards its next support level at $84.708. If this level also breaks, then the fall can extend to $75.131.
Until the LTC/USD pair scales above the $107.102 levels, it will continue to face selling pressure on rallies.
The first sign of a change in trend will be when the bulls sustain above $108 levels. This will confirm that the markets have rejected the lower levels. Until then, it is best to remain on the sidelines.