Litecoin's price is approaching the $120 mark as the broader crypto market pulls back, raising the possibility of a retest of $98. The crypto analyst Ali Martinez highlights the potential for a massive crash in Litecoin, with the lower band of a parallel channel close to the $98 mark. The long-to-short ratio in Litecoin's derivatives market has surged, indicating increased bearish positions, but the overall sentiment remains bullish. Despite the increased bearish activity, short-term bullish sentiment is rising again. The total number of addresses on the Litecoin network has seen a significant increase, as has the transaction volume. While a potential drop to $100 is suggested in the short-term, the network growth and increased demand may fuel a price surge.



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