Litecoin Rejected at $134 — $120 Support Is Make-or-Break

I see Litecoin getting rejected near $134 and sliding to $121.71 after a 7.33% daily drop. That pullback puts price action squarely at a crucial support band around $120.

While August’s rally looked healthy thanks to whale accumulation and short-term bullish momentum, I’m treating the current move as a test — failure below $120 would increase downside risk, while a cleanhold and rebound would validate the rally.

I’m watching price and volume closely and won’t commit until I see confirmation of support or a decisive break of the $120 level.