Litecoin – Our information exhibits merchants at the moment are at their most net-long Litecoin since Nov 25 when Litecoin traded close to 81.55.
Variety of merchants net-short has decreased by 27.12% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
|
BEARISH |
94.00% |
6.00% |
-0.59%
4.50% |
-24.56%
-27.12% |
-2.45%
1.85% |
Litecoin: Retail dealer information exhibits 94.00% of merchants are net-long with the ratio of merchants lengthy to quick at 15.67 to 1. Our information exhibits merchants at the moment are at their most net-long Litecoin since Nov 25 when Litecoin traded close to 81.55. The variety of merchants net-long is 0.59% decrease than yesterday and 4.50% increased from final week, whereas the variety of merchants net-short is 24.56% decrease than yesterday and 27.12% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests Litecoin costs may proceed to fall.
Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments provides us a stronger Litecoin-bearish contrarian buying and selling bias.
