Litecoin’s price has faced rejection at the 50-day Exponential Moving Average (EMA) of 87.55 USD, indicating market weakness.
A specific whale has offloaded 540,000 LTC since June 24, contributing to increased selling pressure, while negative funding rates suggest a bearish outlook.
With LTC hovering around 84 USD, it could retest support at 77.19 USD if the current correction persists. Technical indicators back the bearish trend.
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