LTC is in a major 4 year Wyckoff Accumulation!!!

Wait 5 sec.

LTC is in a major 4 year Wyckoff Accumulation!!!Market Cap LTC, $CRYPTOCAP:LTCparminderjitmandPS - Preliminary Support SC - Selling Climax AR - Automatic Rally ST - Secondary Test LTC has been ranging in a massive 4 year Wyckoff Accumulation. Wyckoff accumulations usually happen in bear markets where retail investors slowly lose interest but institutions quietly accumulate (forcing the price to go sideways). Assets that are boring but have strong fundamentals like fixed supply, strong hash rate, strong community, healthy liquidity and strong network security are assets that institutions typically accumulate. These assets have proven the test of time and aren't going anywhere anytime soon. LTC is showing institutional demand with the obvious higher lows over the multi year range except for the current trap where price is near the lows (also known as a terminal shakeout or spring in Wyckoff). Institutions do not bid up the price aggressively. They are patient and have a lot of capital that they must enter into the market slowly without having the price move away from them. If the market is in fear like it is right now due to BTC’s capitulation, institutions will take that discount happily by placing limit buy orders near supports. This is the transfer of the final supply from weak hands to strong hands, which creates that strong mark up later on when aggressive buyers return as the market gets bullish again. Even during fears of war, and BTC capitulating to its prior ATH, LTC has held its 4 year support, not coincidentally but because there is patient demand underneath (institutions).