It was a long struggle to move above the $104.00 resistance by Litecoin price against the US Dollar. The LTC/USD pair could not move above the $104.00 barrier and started a downside reaction. It was also due to the solid rise in bitcoin price above $13,500.
The pair declined below the $100.00 support area and even moved below the 100 hourly simple moving average. There was also a break below the $96.00 support and the pair traded toward the $95.00 level. A low was formed at $94.93 and later the price started an upside correction.