At the time of writing, LTC is trading in the green. However, this altcoin has not done well so far. In fact, investors suffered losses and the price wiped out all gains in the first half of the month.
However, there could be some buybacks in December if LTC does not lose its bullish momentum.
LTC’s evolution this month
Compared to October, there were no major inflows in November. Even so, most altcoins still manage to maintain minimal inflows (example: BNB records $ 0.8 million).
However, LTC is the only cryptocurrency to see outflows ($ 0.6 million) in the month to date.
As mentioned earlier, LTC’s biggest weapon is its widespread adoption, even if it doesn’t get any support from DeFi. However, this advantage does not help the price at the moment either.
Net cash flow | The source: CoinShares
Last week, Regal Cinemas notification Accept LTC as a form of payment. The 15th cryptocurrency has not yet achieved any major network developments.
The price of LTC fell 23% in the past 2 weeks, causing a loss of investor confidence. In fact, as shown in the chart below, the aforementioned decline contributed to the flight of thousands of investors.
Number of people holds LTC | Source: Intotheblock
This shows that accumulation is not the current trend as LTCs sold move between wallets as the average coin lifespan decreases and the speed increases.
Speed ​​of LTC | Source: Santiment
Additionally, it’s surprising that LTC remains one of the few altcoins that hasn’t hit a new ATH this season. Still, the months of slow recovery have resulted in many investors scaling back the losses they have suffered over the past few months.
LTC all-time highs and lows | Source: Intotheblock
For investors wondering what December will be like, prices could get off to a good start as several indicators suggest that bearish sentiment is easing.
Alternatively, a 9% increase in the past 72 hours could help start December on a positive note.
LTC price promotion | Source: TradingView
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
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LTC can regain what was lost in November if …
At the time of writing, LTC is trading in the green. However, this altcoin has not done well so far. In fact, investors suffered losses and the price wiped out all gains in the first half of the month.
However, there could be some buybacks in December if LTC does not lose its bullish momentum.
LTC’s evolution this month
Compared to October, there were no major inflows in November. Even so, most altcoins still manage to maintain minimal inflows (example: BNB records $ 0.8 million).
However, LTC is the only cryptocurrency to see outflows ($ 0.6 million) in the month to date.
As mentioned earlier, LTC’s biggest weapon is its widespread adoption, even if it doesn’t get any support from DeFi. However, this advantage does not help the price at the moment either.
Net cash flow | The source: CoinShares
Last week, Regal Cinemas notification Accept LTC as a form of payment. The 15th cryptocurrency has not yet achieved any major network developments.
The price of LTC fell 23% in the past 2 weeks, causing a loss of investor confidence. In fact, as shown in the chart below, the aforementioned decline contributed to the flight of thousands of investors.
Number of people holds LTC | Source: Intotheblock
This shows that accumulation is not the current trend as LTCs sold move between wallets as the average coin lifespan decreases and the speed increases.
Speed ​​of LTC | Source: Santiment
Additionally, it’s surprising that LTC remains one of the few altcoins that hasn’t hit a new ATH this season. Still, the months of slow recovery have resulted in many investors scaling back the losses they have suffered over the past few months.
LTC all-time highs and lows | Source: Intotheblock
For investors wondering what December will be like, prices could get off to a good start as several indicators suggest that bearish sentiment is easing.
Alternatively, a 9% increase in the past 72 hours could help start December on a positive note.
LTC price promotion | Source: TradingView
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
At home at home
According to AMBCrypto
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
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