Our data shows traders are now at their most net-long Litecoin since Nov 25 when Litecoin traded near 81.55.


Litecoin Client Positioning

Number of traders net-short has decreased by 27.12% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Litecoin

BEARISH

94.00%

6.00%

-0.59%
Daily

4.50%
Weekly

-24.56%
Daily

-27.12%
Weekly

-2.45%
Daily

1.85%
Weekly

Litecoin: Retail trader data shows 94.00% of traders are net-long with the ratio of traders long to short at 15.67 to 1. Our data shows traders are now at their most net-long Litecoin since Nov 25 when Litecoin traded near 81.55. The number of traders net-long is 0.59% lower than yesterday and 4.50% higher from last week, while the number of traders net-short is 24.56% lower than yesterday and 27.12% lower from last week.

We 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.





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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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