Litecoin Faces Selling Pressure as $43 Support Nears

Litecoin is currently hovering near an important technical trend line. Traders are keeping a close watch on the $43 price level because a break below it could spark a new wave of selling across the market.

Analysts note that a daily close below $45.90 would likely force the price back into a previous range. This move could confirm a bearish pattern known as an Upthrust After Distribution, which often suggests that buyers are losing their grip on the momentum.

If the current support fails to hold, the next major target for the downside sits at $35. Investors should watch the $43 mark closely in the coming days to see if buyers step in to defend the price or if the downward trend continues to gain strength.