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SnarkyPuppy

LTC Pre-Halving Pump into Q2 2023 -Crypto's first sign of spring

Long
Litecoin (BINANCE:LTCUSD)  
SnarkyPuppy Updated   
BINANCE:LTCUSD   Litecoin
Beyond Technical Analysis Fundamental Analysis Chart Patterns LTCUSD LTCUSDT ltcusdtlong ltcusdanalysis ltcusdidea ltcusdsignal
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beyondta fundamental chartpattern ltcusd ltcusdt ltcusdtlong ltcusdanalysis ltcusdidea ltcusdsignal
Price Action into LTC halving seems consistent without regard to market sentiment.

SENTIMENT AND ENVIRONMENT INTO LTC HALVINGS:
2014 - "MT Gox.. Silk road... etc"
2018 - "ICO crash, BlockWars, China Crypto Banning, Fed tightening. . .etc"
2022 - "FTX collapse, Fed Tightening, 3 arrows capital, etc etc"

LTC seems to not care and its halving is usually about 9-18 months before BTC halving event

Watching to see how this plays out will be useful to know if money is still interested in this space.
Comment:
1.5 moths before halving, litecoin has moved sideways since Dec 2022. It has shown to be a great place to park capital and avoid the volatility seen in many alts.

Likely there should be a bullish move into the halving from here, but I am taking very clear note of the DIMINISHED RETURNS here.

This chart, for me, is a warning signal to be weary of older coins.

Many of the older coins (top 25) saw diminished returns from 2017 vs 2021. This trend could continue and may show up in coins that did have good 2021 performance like Ada and FTM.

taking notes on this for sure
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