Litecoin Trapped at Upper Bollinger Band as Sell-Side Order Flow Dominates

Litecoin (LTC) is facing a critical test at $51.23 as it presses against its upper Bollinger Band, with momentum flatlined and sell-side order flow dominating.

The asset's technical reality check reveals that LTC is sitting in the top 4% of its recent price range, with a Bollinger %B reading of 0.96 indicating that it's likely to either break out or revert back towards the mean.

The MACD histogram is at zero, signifying momentum exhaustion, and the RSI is close to overbought territory, but the histogram tells the more important story here, the engine isn't accelerating.