LTC at risk of significant downfall as whales go into selling frenzy

• The number of LTC whales has sharply dropped in the last two weeks.
• The digital asset is barely holding itself above a crucial support level.
• Litecoin seems to favor a bearish move down to $220.

Litecoin price is facing significant selling pressure as large holders are selling their positions. This could quickly drive LTC down to new lows if a crucial support level fails to hold.

Litecoin price might not be able to hold critical support point

On the 4-hour chart,…