🐒 Record High Short Positions for LITECOIN .
What is a Short (or Short Position)
A short, or a short position, is created when a trader sells a Stock or Crypto first with the intention of repurchasing it or covering it later at a lower price.
What is a short-squeeze
A short-squeeze is when a heavily shorted Stock or Crypto suddenly begins to increase in price as traders that are short begin to cover the stock or Crypto.
Read more about short positions : https://www.investopedia.com/terms/s/short.asp
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I created these charts at https://www.tradingview.com and https://imgflip.com/memegenerator
You can see in The below chart Litecoin is today at Record High Short Positions
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The below chart you can see in September 2017 Short Positions were very high at 302,130 short positions and the LTC price was low at $ 47.70 . Then 3 months later you can see that the Short Positions were much lower around the 113,000 area short positions and the LTC price was at all time highs in the $ 350.00 area .
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The below chart you can see in today's chart Short Positions are at record highs at 326,575 short positions and the LTC price is low at $ 59.03 . Over the next 3 months I would expect Litecoin price to move higher .
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SUMMARY :
🐒 Today Litecoin has Record High Short Positions this will very likely lead to a short squeeze at some point which would force the LTC price higher . The Record High Short Positions helps to reinforce my target price of $99.00 to $100.00 by June 22 , 2019 go here to see the post I made about this price target . https://bearshares.com/litecointradingresearch/@me-tarzan/litecoin-177-days-until-halving-daily-chart-february-11-2019
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