Litecoin (LTC) is currently experiencing a decline of 3.4% to $97.25, showing a slight recovery after a 7.0% drop earlier in the week when the token reached $93.39 this Wednesday. Despite ongoing attempts to test the resistance at $100.00, breaking through this level appears challenging at the moment.

Given the current market dynamics, LTC prices may face a further retreat of 7.0-8.0% to $90.00, despite the anticipation surrounding the upcoming Bitcoin halving event. However, it's unlikely that prices will plummet below the support level at $90.00.