The price of Litecoin (LTC) has fallen by 18% from its recent high of $115 on July 3, with long-term investors beginning to sell due to fears of the upcoming halving event. The Age Consumed data compiled by Santiment shows that LTC long-term holders have been offloading their coins, leading to a negative impact on the price.

Additionally, sell orders have outpaced buy orders on various crypto exchanges, with a market surplus of nearly 126,000 LTC, which could trigger another post-halving price crash in August 2023. The $85 support level is critical for LTC's price prediction, and if it loses this level, it could enter a larger price correction.