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$LTC (request) looks absolutely terrible on the macro, yet I keep seeing big accounts post moon charts on it.
Reality is, this thing has done nothing but range for 8+ years, since the 2017 top. It has looked like one big macro bear flag for the last 4 years and has been mostly just distributing.
From a bullish perspective, the structure is completely broken.
Personally, I have zero interest in touching it up here.
The only area that would get my attention is a proper sweep into the monthly FVG below, around the 2019 range lows in the $10–$20 region.
Other than that, I’m not interested in forcing conviction on something that is this structurally damaged just because people are posting moon charts on the timeline.
#LTC #LTCUSDT