Litecoin Pulls Back to $119 Amid Institutional Adoption and Mixed Technicals

I see Litecoin (LTC) pulling back to about $119.28, down roughly 3.28% on the day after touching recent highs near $129. While the price has eased, institutional adoption remains a key bullish backdrop, and technical indicators are presenting mixed signals that suggest consolidation more than a clear trend reversal.

Despite the dip, I still view ongoing institutional interest as an important supportive factor for LTC. The current pullback could be a short-term retracement within a larger bullish context, but traders should pay attention to momentum indicators and volume to confirm whether this is a healthy correction or the start of deeper weakness.