- Litecoin price shows a bearish divergence developing on the daily timeframe, hinting at an incoming sell-off.
- On-chain metrics reveal that 22% of LTC holders are in profit, further depicting the bearish outlook.
- A breakdown of the $55.23 level will create a lower low, invalidating the bullish outlook.
Litecoin price embarked on an incredible rally after the FTX-induced crash bottomed on November 9. Due to the explosive moves, many investors are in profit. However,…
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