LTC’s move came out of nowhere—24h +16.99%. It went straight from 60.64 to 74.86, with trading volume at 712M. $LTC is now sitting on a bid/offer at 71.12.
The problem is, nothing else in the market is showing any movement. The U.S. stock market is just going sideways, gold isn’t reacting with any safe-haven mood, and crude oil is still soft and sluggish. It’s only one thing running up. I’ve seen this kind of script before—usually it’s not a good sign…
Some people say it’s due to halving expectations, and others say it’s old-coin rotation. Either way, $LTC is exactly the type to go about big business in silence—it usually lies low and nobody pays attention, but then it suddenly jumps and scares you. Still, at this level of 71, what do people who chased it in feel right now? I guess it’s not exactly calm.
Anyway, I’m not moving. I’ll just watch it perform. A行情 where only it is getting excited always makes me feel like someone’s propping the board up behind the scenes 😂
The problem is, nothing else in the market is showing any movement. The U.S. stock market is just going sideways, gold isn’t reacting with any safe-haven mood, and crude oil is still soft and sluggish. It’s only one thing running up. I’ve seen this kind of script before—usually it’s not a good sign…
Some people say it’s due to halving expectations, and others say it’s old-coin rotation. Either way, $LTC is exactly the type to go about big business in silence—it usually lies low and nobody pays attention, but then it suddenly jumps and scares you. Still, at this level of 71, what do people who chased it in feel right now? I guess it’s not exactly calm.
Anyway, I’m not moving. I’ll just watch it perform. A行情 where only it is getting excited always makes me feel like someone’s propping the board up behind the scenes 😂