Community Charts Screener Social Trends Insights Dev Activity Dashboard Watchlists Alerts Historical Balance
Pricing
Log in Sign up
insight thumbnail

Feeling of Going Down / Walls of Worry

@K J LANPAUL
2 min read
19.04.2022
LTC

Bottoms are accompanied by a lot of panics and worry throughout the entire network's participants. In this article, I like to share the worry signals that is seen in $LTC


$LTC Price action since Nov Highs

After hitting a Local Top in November the asset is witnessing a downtrend. Since the Local Top there is a shift in the level of magnitude of profit taking by its investors. This is a strong feeling of concern and expectations of price to decline further. A Feeling to go Down.

Same pattern seen in realization of losses. This is a strong feeling of concern and expectations of price to decline further again. A Feeling to go Down.


Age consumed spiked recently

LTHs finally giving up ? This is a strong feeling of concern and expectations of price to decline further again. A Feeling to go Down.


The retailers accumulated since the first local bottom with great confidence. Very recently they have offloaded even though the price is holding its strong support of $100. This is a strong feeling of concern and expectations of price to decline further again. A Feeling to go Down.




The crowd is bearish.


What are the Whales Doing ?


The Whales are accumulating.


The renewed activity in large valued transactions was already intimated by santiment's twitter handle.


Link : https://twitter.com/santimentfeed/status/1515048593907888129


Long Story Short : Wall of worry + Whale accumulation seen. Historically these are the signs of a bottom formation. Hence its not greedy to expect a recovery at the very least in the near future.


We are using cookies to improve your experience!

By clicking “Allow all”, you agree to use of all cookies. Visit our Cookies Policy to learn more.