Retail trader data shows 94.6% of traders are net-long with the ratio of traders long to short at 12.69 to 1. The number of traders net-long is 1.8% lower than yesterday and 1.9% higher from last week, while the number of traders net-short is 10.6% lower than yesterday and 40.4% lower from last week.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Litecoin prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a STRONGER Litecoin-BEARISH contrarian trading bias.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Litecoin prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a STRONGER Litecoin-BEARISH contrarian trading bias.
Trade active:
Litecoin came to the 1. target, made head and shoulders and I expect the move up to the green line.