The recent price growth of Litecoin has experienced significant losses, dropping by 21.89% to a value of $100.003799. The monthly LMACD indicator suggests a loss in momentum and the latest candlestick formation appears bearish. If the price closes below the basis line, a false breakout could occur, potentially dragging the price down to the lower Bollinger Band at $43. The market-wide selloff has affected Litecoin's chart, with the LMACD signaling weakening momentum. There is a major watch level at $43, and further downward pressure could lead to a bearish outlook. The LMACD indicator indicates a bearish crossover, supporting a decline in Litecoin towards the lower Bollinger Band. The support level at $83 is critical, and if Litecoin fails to recover above this level, a phase of longer dips would be expected, with the range between $83 and $43 playing a crucial role in future price activity.



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