The price of Litecoin (LTC) has experienced 4.7% daily growth, but there are indicators pointing to a potential correction. On-chain user engagements have decreased, indicating a decline in activity and investor interest. The technical analysis shows a head-and-shoulders pattern, suggesting a bearish reversal. If the current trading range and critical support levels are not maintained, LTC could experience a 20% loss in value. The uncertainty surrounding the approval of a Bitcoin spot ETF could further dampen market sentiment and decrease institutional inflows into LTC. While Litecoin is considered solid in the cryptocurrency market, investors should closely monitor these issues as they could lead to further declines.



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