Litecoin rallies in a bull cycle
Assets covered: Litecoin (LTC)
Metrics used: Daily Active Addresses, Social Volume, Age Consumed, MVRV, Transaction Volume USD, MVRV Long/Short Difference
LTC is usual leader of alt season. Has the time come?
Litecoin is up 67% this month:
If we compare it's price action with BTC, both are quite correlated:
Traders expressing mostly bullish sentiment :
Which is usually a sign of a top.
Litecoin had a big spike in Age Consumed, which has coincided with the end of the rally or the beginning of the consolidation (November 16).
This is more like a looong term metric, working nicely with father Bitcoin. A bull cycle starts each time MVRV L/S crosses zero line moving upwards. LTC is
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