Litecoin Trendline Breakdown: Can LTC Defend $44 or Extend Decline to $41?

Litecoin's (LTC) recent trendline breakdown has sent shockwaves through the market, leaving traders wondering if the cryptocurrency is headed for a decline towards $41.

The breakdown below the ascending support trendline was followed by a failed retest, indicating that previous support has turned into resistance.

Traders are now watching whether LTC can defend its current price of around $44 or extend its decline towards the lower end of the $41-$50 zone.

The MACD indicator is also showing bearish momentum, with the signal lines converging toward a bearish crossover, while the RSI has slipped back towards the neutral 50 level, indicating fading buying pressure.