Why Litecoin price dropped:

[Tubelight]

The LTC price has declined sharply after it rose to an all-time high of $335 last week. There are several reasons that explain this sell-off. First, there is relatively no catalyst after the recent Coinbase direct listing.

Second, the price got significantly expensive too fast. Indeed, before this crash, Litecoin was up by more than 175% this year alone. This is still below the performance of other currencies like Dogecoin and Ripple.

Third, the Litecoin price has dropped because of the overall weakness in Bitcoin prices. BTC has dropped by more than 25% in the past few days and is currently below $50,000. In most periods, the major currencies usually have a close correlation.

Information collected:
https://www.investingcube.com/litecoin-price-prediction-5-reasons-why-ltc-is-in-correction-mode-cryptocurrencies/amp/

[Azharul]

We can see that now litecoin price dropped. Because we know that cryptocurrency market is alowes depend on pump or dump.So I believed that it is the simple mater for cryptocurrency market.we know that it's price will go significant expensive.we also see that overall weakness in bitcoin price.so I believed that gradually it's price will increase quickly.

[Dark Knight]

I also noticed that The price of lite coins has come down.There is nothing to be done because the cryptocurrency market moves at its own pace.It is not limited to anyone Now Lite Coin has current market value 353.14$ dollar.The price of this coin has started rising again but compared to the last few days.It is normal that the market will go down.