Litecoin (LTC) has experienced a significant drop in price, falling below the important $100 mark. This decline has raised concerns about the reasons behind it and what it means for the broader cryptocurrency market.

Traders and investors are closely monitoring the situation and looking at various technical factors, such as trading volume and support/resistance levels, to anticipate a potential rebound. Market sentiment and external factors, such as Bitcoin's price movements and regulatory clarity, may also play a role in Litecoin's recovery.