$LTC suffered a sharp 10-15\% decline, briefly touching a 17-month low of approximately \$50.84. This rout was largely synchronized with Bitcoin's drop below the \$67,000 mark, fueled by macroeconomic headwinds and a shift in US Federal Reserve sentiment.

Technical Outlook: The Relative Strength Index (RSI) recently dipped into "Oversold" territory, with the Fear & Greed Index hitting "Extreme Fear" (around 14/100). While the immediate trend remains bearish on daily timeframes, technical analysts have noted a bullish divergence on 4-hour charts, suggesting a potential short-term reversal or "dead cat bounce" as the price stabilizes around the \$53-\$55 range.

#MarketCorrection #LTC #WarshFedPolicyOutlook #RiskAssetsMarketShock #ADPDataDisappoints

LTC

52.19

+0.44%