Litecoin (LTC) price is currently at a decision point in the market, with mixed technical signals. Here are some analyses to consider:

Possible LTC Movements:

1. Bearish Signals:

- The weekly chart recently showed a bearish engulfing pattern suggesting selling pressure.

- After the last rally near the $140 resistance, LTC is struggling to hold gains,

indicating a possible correction in the short term.

- If the support around $100 is lost, the price could fall to levels close to $90.

2. Bullish Signals:

- If Litecoin manages to break resistance near $110 and $120, it could resume its upward movement, with an initial target of $140.

- Fundamentals such as the adoption of MimbleWimble (MWEB) and increasing institutional confidence could boost the asset in the medium term.

Summary:

- Short term: Slightly bearish trend due to current selling pressure.

Medium/Long term: Upside potential if the $100 support is maintained and new resistances are broken.

Litecoin (LTC) is at a decisive moment in the market. Despite slight selling pressure in the short term, the asset has solid fundamentals that could drive a recovery.

Keep an eye on the $100 and $120 levels for the next moves!