Litecoin (LTC) holders are locking in profits at the highest rate in two months, according to Santiment’s Network Realized Profit/Loss (NPL) data. Saturday marked the most intense selling activity since March 24, with another surge seen on Monday, signaling increasing selling pressure and a shift in sentiment.
Additional warning signs come from Santiment’s Age Consumed metric, showing long-held tokens moving—often a precursor to local price tops. Historically, such movements have preceded price drops, and LTC seems to be following the pattern.
After breaking below its 200-day EMA at $93.70 and falling over 8%, LTC attempted a mild recovery but is still struggling around the $89 mark. This positions the coin in a potential dead-cat bounce scenario—a brief rebound before further decline.
If LTC fails to reclaim the $93.70–$95.80 resistance zone, a retest of $83.31 is likely. A decisive drop below that could send the price down to the next support at $77.19.
Investors should tread cautiously — Litecoin’s short-term outlook remains bearish.
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