LTC Market still grinding up - slowly - but net overall loss!
LTCUSD still grinding up, albeit slowly - but it is one of the only main cryptos which is in net overall loss on average.
This analysis illustrates how investors have been holding positions which on average have been under water.
Whilst this is a positive sign because it infers that investors have higher price expectations in the future i.e. they haven't thrown in the towel - yet!
There isn't a lot of evidence pointing to new capital flowing into this market however.
I am keeping an eye of LTCUSD for a potential long, but if I see realised losses mounting on rallies, then that's a no-go from the long side.
This analysis illustrates how investors have been holding positions which on average have been under water.
Whilst this is a positive sign because it infers that investors have higher price expectations in the future i.e. they haven't thrown in the towel - yet!
There isn't a lot of evidence pointing to new capital flowing into this market however.
I am keeping an eye of LTCUSD for a potential long, but if I see realised losses mounting on rallies, then that's a no-go from the long side.
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