Summary
TLDR: Litecoin (LTC) price is forming a bearish pattern due to low participation from whales and retail holders. If investors do not become more active, the price could decline. Currently, Litecoin is testing the lower trend line of a rising wedge pattern, which could lead to a potential 8% decline to $77.35. However, if the price breaks above $86, the bearish thesis could be invalidated and Litecoin could continue to rise.
Key Points
1. Litecoin (LTC) price is observing the formation of a bearish pattern in the short-term timeframe that could result in a decline.
2. LTC holders could prevent this, but given their recent actions, the probability of this happening is less likely.
3. Litecoin Investors Need Motivation
Each point has been separated for clarity.