#LTC #Lite #altseason2024

Hi guys,

today let's look at such a dinosaur as Litecoin, a coin that has been of little interest to anyone lately. But I found something interesting, look at the dependence of active addresses and the dynamics of the price of the instrument. We see that in some cases the growth of addresses preceded an increase in price, but in 2 cases the price fell. That is, this metric does not give us a clear bullish or bearish signal, but it draws our attention to the activity on the network, taking into account the current market consensus, I still think that the coin has more chances to grow. Also pay attention to the parabolic growth of the top 100 addresses.

TA shows us that the price has been in consolidation for 6 months, and buying inside the range is not a good idea, but trading from the breakout/rebound borders looks good. I am currently watching for a breakout of the $80 level. The delta cluster chart also shows the current dominance of the bid delta and average volumes. Confirmation of a breakdown will be ask delta and increased vertical and cluster volume. OI does not give us any obvious signals, so I do not take this factor into account.

Stay tuned.