Litecoin's Tired Rally at Upper Bollinger Band Sparks Short-Term Dip

Litecoin (LTC) is trading at $56.80 as New York pre-market opens on September 20, but its setup suggests a tired rally running out of steam.

The coin has been pushing against its Bollinger upper band at $58.29, and with MACD momentum fully exhausted and taker sell flow dominating the tape, a short-term dip to $55.28 looks probable before any potential run at $62.

The top traders long/short ratio on Binance futures is a lopsided 3.25, meaning 76.5% of smart money is positioned long on LTC, while retail is similarly stacked with 70.4% of the global long/short book sitting on the buy side.