Litecoin (CRYPTO:LTC) faces a crucial test as it contends with the $80 support level, influenced by Bitcoin's (CRYPTO:BTC) performance.

On-chain data shows a significant increase in selling by mid-term holders, potentially indicating a shift in market sentiment.

Short-term trading activity dominates, contributing to increased volatility in LTC's price.

Amid a bearish outlook, traders are advised to monitor Bitcoin's movements closely, with potential further declines posing risks for LTC's stability.

Strategic entry and exit points become crucial considerations in navigating this uncertain market landscape.