Litecoin (LTC) price steadies above $80 at press time on Friday, following a reversal from the $87 resistance level on Wednesday. Derivatives data suggests a bullish positional buildup while the LTC futures Open Interest declines, flashing a long squeeze risk.
Monero (XMR), SPX6900 (SPX) and Jito (JTO) are edging higher at the time of writing on Wednesday, despite the broader cryptocurrency market struggling to hold onto gains and extend recovery.
Litecoin (LTC) price is attempting to recover, trading above $106 at the time of writing on Wednesday after starting the week on a bearish note. Supply distribution data shows that a certain whale seized the opportunity and accumulated Litecoin during recent price dips.