Summary
TLDR: The landscape of Litecoin has seen a rise in short-term traders and a decrease in long-term holders, leading to potential price volatility. The RSI for LTC has reached an overbought state, indicating a possible price correction. EMA lines suggest a potential uptrend for LTC, with the price predicted to reach $105 soon but caution is advised. If LTC fails to find support at $93 and $87, a decline towards $70 could be expected. Always conduct your own research before making financial decisions.
Key Points
1. The landscape of Litecoin has seen a shift with short-term traders holding 11.13 million LTC, a 41.96% increase, while long-term holders decreased.
2. The RSI for LTC has reached an overbought state, indicating a possible price correction as investors may start taking profits.
3. EMA lines suggest a potential uptrend for LTC, with the price possibly reaching $105 but caution is advised due to the high RSI levels.