Litecoin Struggles Below $43 Amid Broader Bear Market Trend

Litecoin (LTC) continues to struggle under bearish market conditions, trading below $43 after a significant decline last week.

The broader trend across the cryptocurrency market remains weak, and LTC is experiencing downward pressure as bearish sentiment builds in derivatives and spot markets.

Rising concerns suggest that LTC could soon test the $40 psychological level, with momentum still tilted to the downside. In the last 24 hours, Litecoin has dropped by 1% and is now trading at $42 per coin.

Derivatives metrics indicate fading investor interest and growing bearish bias, with Litecoin futures open interest dropping sharply to $283 million, down from a May peak of $411 million. This decline suggests reduced participation from leveraged traders and weakening speculative demand.