Tag Archives: favorite

Litecoin isn’t the market favorite it once was. Since the beginning of the year, the price has dropped more than 36%, sliding to around $45 before showing signs of life during the recent market bounce. Even with that recovery, LTC price remains stuck below $55, a level that now acts as a ceiling rather than support. The broader signals still lean cautious, and momentum hasn’t fully shifted in favor of the bulls. That said, the chart structure suggests this compression could resolve higher. If buyers manage to push past $55 with strength, a move toward $70–$75 could quickly come into play.Drop in Open Interest Hints Long LiquidationsLitecoin’s open interest tells a clear story of fading conviction. Over the past few months, both price and open interest have trended lower, signaling long liquidation rather than aggressive new...