ETH: Litecoin looks weak 🛑
The cryptocurrency market has cooled off, and Litecoin is down by 1% in the last 24 hours. Trading above $93 now, but under pressure from declining demand. 🌡️
LTC remains below the crucial $100 mark, with investors selling more than buying lately. Heavy selling activity and profit-taking seen over the past few days. 💸
Litecoin ETFs are also struggling to attract interest, showing a lack of demand on both spot markets and derivatives. Negative funding rates hint at short traders gaining momentum. 📈
Could Litecoin retest its $90 support? The price is currently above $93, but needs to overcome resistance near the $95 mark to break higher. Bulls need to hold onto that region! 🔥
What do you think of this weak performance? 👇