The price of Litecoin has been declining and recently reached a key technical level, the 100-day moving average. It has already dropped by 35% from its peak this year, and there are indications that it could fall further. The odds of a Litecoin Exchange Traded Fund (ETF) have also decreased, as indicated by a market prediction platform called Polymarket. Additionally, the number of active users of Litecoin has decreased, and there are concerns that the coin may be forming a bearish pattern known as a head-and-shoulders.



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