Feeling of Going Down / Walls of Worry

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.


Thanks for reading!

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