LTC Price Drops 4.55% Amid Long Liquidations Despite U.S. Spot ETF NASDAQ Listing

Litecoin (LTCUSDT) experienced a 4.55% price decline in the last 24 hours, with the current Binance price at $76.37 and significant selling pressure attributed to increased long liquidations around the $77.31 level, as reported on social media. Recent landmark events, such as the approval and NASDAQ listing of the first U.S. Spot Litecoin ETF, have brought positive long-term sentiment; however, current market conditions reflect short-term bearish activity and heightened volatility, with trading volumes ranging from $568 million to $702 million and price movement between $75.74 and $81.78. Despite active trading and new investment vehicles, recent news and technical analysis suggest traders are navigating a "sell-the-rally" environment, leading to short-term price underperformance compared to the broader market.