Litecoin (LTC) remains under heavy pressure, trading below $43 on Wednesday following a massive decline last week. The broader trend across the market remains weak, and LTC continues to underperform as bearish sentiment builds in derivatives and spot markets. Concerns are rising that LTC could soon test the $40 psychological level, with momentum still tilted to the downside. Derivatives data signals weakening market participation Litecoin is down by 1% in the last 24 hours and is now trading at $42 per coin. Recent derivatives metrics point to fading investor interest and growing bearish bias.
Source: Read the original article
