According to Odaily Planet Daily, data disclosed by the encryption market analysis platform Santiment showed that the market value of Litecoin has fallen by about 36% since its peak on April 1.

Additionally, approximately 45,200 wallets holding 0.1-1 LTC were liquidated during the decline, indicating that small traders appear to be abandoning the crypto asset.

However, the impatient "jumping ship" of "small fish" is often a turning signal that the asset is starting to become bullish again.