LitecoinLong
LTC Long @ 176.57
Events in El Salvador may have prompted a sharp correction in crypto but the macro fundamental backdrop has not changed.
Yesterday, with spot LiteCoin at 176.57, the contrast between falling spot price & rising model price triggered a new bullish signal on LiteCoin.
iQ leans on the algorithms from parent company Quant Insight which includes RETINA – real time notifications & alerts.
Crypto markets can move on numerous stories. Sometimes these will be driven by flows or sentiment. But, as the asset class matures, it’s a fair bet it will increasingly follow other more traditional assets like stocks & bonds.
As that happens macro fundamentals such as economic growth, inflation expectations & risk appetite will become increasingly important for crypto traders.
The biggest driver of LiteCoin currently on Qi models? Global inflation expectations – it is a good hedge for those who feel price pressures are not transitory but here to stay.
iQ covers crypto, FX, commodities & many more. We will be posting some of our signals here going forward.
Yesterday, with spot LiteCoin at 176.57, the contrast between falling spot price & rising model price triggered a new bullish signal on LiteCoin.
iQ leans on the algorithms from parent company Quant Insight which includes RETINA – real time notifications & alerts.
Crypto markets can move on numerous stories. Sometimes these will be driven by flows or sentiment. But, as the asset class matures, it’s a fair bet it will increasingly follow other more traditional assets like stocks & bonds.
As that happens macro fundamentals such as economic growth, inflation expectations & risk appetite will become increasingly important for crypto traders.
The biggest driver of LiteCoin currently on Qi models? Global inflation expectations – it is a good hedge for those who feel price pressures are not transitory but here to stay.
iQ covers crypto, FX, commodities & many more. We will be posting some of our signals here going forward.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.