LTC Trapped Below $50.57 as Smart Money Loads Up
LTC is trading at $49.25, flatlining in momentum as it's coiled below its critical compression zone.
Two converging layers of overhead supply - the 7-day SMA ($50.41) and the 200-day SMA ($50.57) - have capped every intraday attempt at extension.
The MACD histogram is dead flat, not rolling over or hooking higher, just pausing before the next directional bet gets placed.
Derivatives are telling a different story: Open Interest surged nearly 5% in 24 hours to roughly $61.8 million while price went nowhere.
Whale accounts are net long at 74.6%, and retail is aligned at 67.3% long, meaning the crowd isn't fighting the smart money.