Litecoin Faces Resistance at $140 as Analysts Predict Potential Pullback

Litecoin is approaching a crucial resistance level around $140, which has repeatedly held back price gains since late 2023. Experts warn that if Litecoin fails to break through this barrier, a significant correction of up to 35-40% could unfold, potentially bringing prices down to the $66-$70 range. Despite these technical risks, optimism about Canary Capital’s proposed spot Litecoin ETF may provide support for bullish sentiment.