According to on-chain data, Litecoin’s finding rate on the Binance exchange was 0% as of 17 December. As it was neither positive nor negative, it implied no dominance among short position and long position traders.In the case of its open interest, Litecoin traders seemed to have changed their stance. As of 17 December, the 24-hour interest was
. Data from Coinglass showed decreased attention towards LTC across several exchanges. Hence, Cramer’s opinion about nobody picking up interest in the coin appeared to have some elements of justification. On further evaluation of traders’ activity with LTC, the derivatives information portal revealed thatwas 0.95. The indicator illustrates the amount of Litecoin available for short sell against those literally sold. Additionally, it serves as a measure for projected investors’ expectations.
As of this writing, LTC’s short sell was 51.32% while long buy was 48.68%. Since it turned out to be a low ratio, it indicated negative investor expectations.Indications from the 30-day Market Value to Realized Value ratio reflected massive dips in profit for holders since 23 November. Based on Santiment data, the MVRV ratio downhilled to -13.44%. This status implied that Litecoin was in aPer its development activity, Litecoin remained settled in its flatline state since 25 November.
Hence, Litecoin had not added any notable upgrades to its network. Nevertheless, the current market could be a bad season to conclude if Litecoin would be wiped out or otherwise.Subscribe to get it daily in your inbox.
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