Litecoin Trapped in Tight Technical Coil as Smart Money Piles On

Litecoin is currently in a tight technical coil between a rising moving average floor and a 200-SMA ceiling at $50.55, according to Peter Zhang.

The MACD momentum has zeroed out, indicating that the bullish momentum has completely exhausted itself.

Despite this, smart money remains positioned 75% long against 25% short in the derivatives market, with top traders and a broad retail long/short ratio pointing in the same direction.

This indicates cautious accumulation ahead of a catalyst rather than distribution before a dump, as funding is neutral and open interest has seen only a minuscule uptick.