A key reason why Litecoin [LTC] holders should be wary is…

This state implied that a huge number of LTC long-term investors might be liquidating their positions. In addition, this could also mean that investors could be wary of an impending price reversal.Despite the recorded price incline, short-term investors might need to be wary of holding on to the coin. This, because the one-day LTC circulation was nothing short of gloomy. According to Santiment, the one-day circulation had significantly fallen to 398,000.

Additionally, the network realized profit and loss at 335,000 suggested that long-term investors remained in the grey.LTC might not be able to sustain its recent momentum. This, due to the signals shown by the Directional Movement Index . According to the DMI, the positive DMI has been unable to uphold its position above the negative . While the Average Directional Index had fallen to 17.28, there were still signs that LTC could choose a bearish direction.

It was a similar situation with the Moving Average Convergence Divergence . At press time, sellers were in control despite attempts from the buying momentum to overtake them. Hence, it is likely that LTC would decline in the short-term, especially ifRead the best crypto stories of the day in less than 5 minutes

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