LTC Long @ 176.57

Events in El Salvador may have prompted a sharp correction in crypto but the macro fundamental backdrop has not changed.

Yesterday, with spot LiteCoin at 176.57, the contrast between falling spot price & rising model price triggered a new bullish signal on LiteCoin.

iQ leans on the algorithms from parent company Quant Insight which includes RETINA – real time notifications & alerts.

Crypto markets can move on numerous stories. Sometimes these will be driven by flows or sentiment. But, as the asset class matures, it’s a fair bet it will increasingly follow other more traditional assets like stocks & bonds.

As that happens macro fundamentals such as economic growth, inflation expectations & risk appetite will become increasingly important for crypto traders.

The biggest driver of LiteCoin currently on Qi models? Global inflation expectations – it is a good hedge for those who feel price pressures are not transitory but here to stay.

iQ covers crypto, FX, commodities & many more. We will be posting some of our signals here going forward.