Litecoin on the Brink: Can Bulls Hold $66 Amid Outflows?

Litecoin (LTC) is facing a critical moment. After a sharp decline of over 15% in 24 hours, it now trades at around $67. The token’s market value has evaporated by $5.06 billion. Despite this dramatic drop, trading volume surged to $1.13 billion, indicating significant activity and positioning changes among traders. While the current price level near $66 may offer a temporary respite for bulls, sustained selling pressures threaten to push prices down towards $62 or even lower if bears gain momentum.