Litecoin Faces Resistance

Litecoin has found stability after crashing just above the $100 level to $105. We had a brief run of momentum but found resistance at $134, which seems to be an upper bound for now. We will find resistance here, and will require sufficient momentum to break out from here. We should find support at $120, but worst case, $100 seems to be holding and providing the final barrier between LTC and double digit prices.