#TradersleagueLitecoin price faces rejection at its key resistance level, suggesting a dead-cat bounce is in play. Sidelined investors looking to short LTC could do so between $93 and $95. Derivatives data also paints a bearish picture, as LTC's bearish bets among traders reach their highest level in over a month. Litecoin (LTC) is showing signs of weakness on Thursday as it fails to break above its key resistance level. The price action emerges as a classic dead-cat bounce pattern, which favors bears. The technical outlook suggests that sidelined traders looking to short LTC could consider entry points between $93 and $95 in anticipation of the price resuming its downtrend.
