Litecoin Struggles Below Key Moving Averages as Top Traders Bet on Bounce

Litecoin (LTC) is trading sideways at $44.50, stuck below every major moving average.

This lack of momentum and flatlined spot volume suggests that a short-term bounce toward $45.96 may be possible, but the overall trend disagrees.

The daily range of just $0.57 against an ATR of $0.80 indicates that price hasn't even managed to cover its own average volatility footprint.

Despite top traders and retail investors both leaning long on LTC, which could either lead to a successful trade or a crowded liquidation event, the derivatives data is sending a counter-signal with 73.8% of institutional desks and sophisticated accounts holding long positions.