This is all skilled trading boils down to. Playing on the emotions of the markets, which are driven by just two; fear and greed. Thats it. Create enough fear, and people will sell at any price. Create enough greed and people will buy at any price.
Dont be fooled into thinking that this is only happening with LTCD. It happens across the entire Crypto market BTC included. The cycle of accumulation and distribution is repeated endlessly everyday across every coin in this market.
The implication for the trader is, to win, you must be able to differentiate between accumulation and distribution only then will it be 100% clear that those who do the opposite of the herd always win.
spot on I was just having this exact conversation because there is a lot of whipsaw action in a number of coins now
fyi i have sent you a pm about jumping in again this week, hoping for a repeat of last week profit
looking forward to hearing back (hoping to get in before tomorrow)