Number of traders net-short has decreased by 27.12% from last 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 trader data shows 94.00% of traders are net-long with the ratio of traders long to short at 15.67 to 1. Our data shows traders are now at their most net-long Litecoin since Nov 25 when Litecoin traded near 81.55. The number of traders net-long is 0.59% lower than yesterday and 4.50% higher from last week, while the number of traders net-short is 24.56% lower than yesterday and 27.12% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Litecoin prices may continue to fall.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Litecoin-bearish contrarian trading bias.