Litecoin rallies in a bull cycle

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Garry
Nov 19, 2020

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.


Concerning signs


Daily Active Addresses:

Social Volume:

Age Consumed:

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).


MVRV:

Mean Dollar Invested Age:


Good signs


Transaction Volume in USD:

MVRV Long/Short Difference:

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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Assets from this insight

Litecoin logo

LitecoinLTC

$ 82.01

12.15%in last 7d
0