Litecoin (LTC) prices are currently experiencing a correction, with the top 10 cryptocurrencies in the red zone according to CoinMarketCap. Over the past 24 hours, LTC has fallen by 9%. Looking at hourly charts, Litecoin’s price is situated within the local channel between $106.08 (support) and $117.32 (resistance). 24-hour ATR has been passed, suggesting limited sharp movements are expected tomorrow. On a longer timeframe, the nearest level of $111.33 should be closely watched. A false breakout could trigger a local bounce back towards the $115-$120 range for buyers. Neither side appears dominant in the mid-term. Therefore, the focus needs to be on the critical zone around $100. If it breaks out, there is a chance of testing the support level of $91.62 soon.