Litecoin Faces Short-Term Downtrend Despite Longer-Term Gains

Despite some long-term bullish signals, Litecoin is currently experiencing a bearish short-term trend with persistent downward movement and weakening technical signals. The recent decline below the $87 support level and the fading momentum indicators suggest that further downside could be imminent unless a strong bullish catalyst emerges. Although LTC has gained 2.3% over the past year, recent performance and market sentiment point towards continued pressure in the near term.