Crypto
LTC SMA 200 Battlefield: Break Above $51.70 or Flush to $47
LTC is trading at $49.79, positioned below its SMA 200 at $50.62 and above its SMA 20 ($47.37) and SMA 50 ($46.28).
The market's momentum is in a state of equilibrium between bulls and bears, with the MACD histogram flatlined to zero.
Smart money has a 76.5% long bias, while retail investors are at 70.7% long on a 2.41 long/short ratio.
The setup is considered cleaner than it looks, with a compression zone in place and a legitimate supply wall above the SMA 200.