Litecoin technical analysis: LTC/USD testing critical support to the downside

• Litecoin is trading in negative territory, nursing losses of some 1.30% in the second part of Monday.  
• LTC/USD price action is testing a critical trend line to the downside.  
• Should the bears force a breach, the price could quickly end up back down below $100.  

Spot rate:                  119.77

Relative change:       -1.33%

High:                         126.57

Low:                          117.63

LTC/USD 60-minute chart

• Price action moving within a descending wedge formation, dragging LTC to the south.  

LTC/USD daily chart

• Bears are pressing for a big test of a long-running ascending trend line of support, $100 could soon be exposed.