Litecoin price is stuck between two massive walls while on-chain metrics lean bearish

  • Litecoin price is currently bounded inside an ascending triangle pattern on the 4-hour chart.
  • It seems that LTC whales have been selling significant quantities of the coin, indicating strong selling pressure.

Litecoin is currently trading at $83.71 inside an ascending triangle pattern on the 4-hour chart. Several on-chain metrics show that large LTC investors are selling, which adds selling pressure to the market and shifts the odds in favor of the bears. 


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