Litecoin Price at Risk of Plunge to $35 if Key Support Breaks

Litecoin's price is nearing a critical level as it trades near an established uptrend line. Analysts warn that if Litecoin falls below $45.90, it could trigger fresh selling pressure and confirm a bearish pattern known as Upthrust After Distribution (UTAD) under the Wyckoff method.

A close below this level would push LTC back into its previous range, potentially setting off a decline towards the next major support at $43. If Litecoin's price drops below this support, the analysis projects a possible drop to $35.