Litecoin Price Risks Plummeting to $35 Amidst Bearish Technical Indicators

Litecoin's price is approaching a crucial technical level as it trades near a long-standing uptrend line.

According to analysis, if Litecoin's price falls below $45.90, it will push LTC back into its previous range and could trigger fresh selling pressure.

This move would also confirm a potential Upthrust After Distribution (UTAD) under the Wyckoff method, a bearish pattern.

If Litecoin's price continues to fall and drops below the next major support at $43, analysts project a possible decline toward $35.