This seems to be the favoured narrative, but IMO we will move before then. If everyone is saying this then people will position accordingly beforehand. Worth noting that China is essentially offline permanently now due to the firewall, but no doubt residents are still trading through connections in the ex-pat community who also observe this holiday period.
In observance of the Chinese New Year, most businesses in mainland China and Hong Kong will be closed for business starting February 9th. This years holiday will be observed through February 15th in mainland China, and February 13th in Hong Kong. Normal operations across the country should resume starting February 18th.
Looks like litecoin is trying to make a move, does it get slammed down or keep moving, good amount of volume is there?
I'm bullish LTC, very bullish. Whole crypto market essentially just tracks BTC for the baseline, then you have coins that are out-performing and under-performing - LTC a solid out-performer and set to soar once BTC finds its feet.
I like the way you think!