Litecoin (LTC) Faces 25% Crash? Traders Brace for a Sell-Off

Litecoin is currently priced around $127, down 6% over the last 24 hours with trading volume also decreasing by 23%. The cryptocurrency has been fluctuating between $95 and $141 since November 2024, recently reaching the $141 high before encountering selling pressure. If Litecoin cannot break above $141, it could potentially fall by 25% to $95. While currently trending upwards based on the 200 Exponential Moving Average, data shows traders have placed $67 million in short positions (bets that the price will fall) compared to $21 million in long positions (bets that the price will rise) at the $141.5 level. Despite this bearish short-term sentiment, $9.41 million worth of Litecoin has flowed out of exchanges in the last 24 hours, suggesting that long-term holders are accumulating the token.