Litecoin IG Client Sentiment: Our data shows traders are now at their most net-long Litecoin since Nov 25 when Litecoin traded near 81.55.
Number of traders net-short has decreased by 27.12% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
Litecoin: Retail trader data shows 94.00% of traders are net-long with the ratio of traders long to short at 15.67 to 1. Our data shows traders are now at their most net-long Litecoin since Nov 25 when Litecoin traded near 81.55. The number of traders net-long is 0.59% lower than yesterday and 4.50% higher from last week, while the number of traders net-short is 24.56% lower than yesterday and 27.12% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Litecoin prices may continue to fall.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Litecoin-bearish contrarian trading bias.
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