Litecoin Plunges: Are Bears in Control?

Litecoin’s price continues to fall, reflecting bearish market conditions. This downtrend aligns with technical indicators like Bollinger Bands, suggesting a prolonged period of negative sentiment. While some investors see potential for a short-term rebound, experts warn that the decline could worsen if buyers fail to stabilize the price at key support levels. A sustained drop below $83.19 on the charts highlights the growing bearish trend.