LTC price may drop below $44, signaling $40 possibility as crowded long positions face quiet sellers. Retail long positions down 74%.
LTC price may drop below $44, signaling $40 possibility as crowded long positions face quiet sellers. Retail long positions down 74%.
Unusual Whales
The short-term moving average for Litecoin has dropped significantly, settling around $44.50, forming a dead zone close to 50 cents. Simultaneously, sell-side taker flow is gradually reducing a retail positioning book that was 74% long. This development suggests a bearish scenario for Litecoin.
