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Litecoin Price Forecast: LTC struggles to extend gains, bullish bets at risk
Litecoin (LTC) price steadies above $80 at press time on Friday, following a reversal from the $87 resistance level on Wednesday. Derivatives data suggests a bullish positional buildup while the LTC futures Open Interest declines, flashing a long squeeze risk. Litecoin’s struggle to exceed $87 could result in a pullback below $80 within a broader descending wedge pattern. CoinGlass data shows a broadly flat movement in Litecoin futures Open Interest (OI), standing at $397.18 million on Friday, down from $409.27 million the previous day. This reflects a decline in the notional value of all active positions, ... (full story)
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