Litecoin's Aggressive Move Suggests Exhaustion Ahead

Litecoin (LTC) has seen an aggressive intraday session, pushing to $74.86 before selling off to $71.50 at the time of writing.

This move is significant due to LTC's extension from its technical foundation, with a 41% gap above its 200-day moving average.

The price has been trading above its Bollinger upper band and RSI reading of 81.52 indicates overbought conditions.

Despite the OI collapse, smart money positioning ratios show that institutions are still holding long positions.

The technical picture is screaming exhaustion, with a bearish lean made more credible by momentum indicators.