Litecoin Retreat? A Drop Below $100 Still A Possibility—Analyst

Key Points:

• Litecoin (LTC) is struggling to stay above the $120 mark, causing concern among investors.
• The current price of LTC is $112, down 9% in the last 24 hours amidst a broader market downturn.
• Despite the price drop, Litecoin’s network metrics show growth in transaction volume and address count.
• Analysts predict a potential downturn for LTC based on technical patterns and derivatives data.
• The market volatility presents strategic opportunities for investors to enter or exit positions.