As Litecoin's halving approaches, traders are questioning whether it will be enough to sustain the price above $90. The price has declined by 19% in the last 18 days, but it has shown a positive 31% performance this year. However, there is an alarming statistic coming from the derivatives market that indicates a sharp correction is likely underway. Historical data shows that each of the previous three instances where Litecoin futures open interest dropped below $500 million caused price drops of 38% or higher, which potentially matches the current scenario. Investors should keep an eye on Litecoin's open interest, as history suggests a potential 30% drawdown if it declines from the current $500 million level.