Yes, more or less.
Being MTF I was going on E of course, but on self reflection/analysis I think that before my transition I was asexual because I was completely conflicted about who I was, what kind of person I liked, who I wanted to be, etc. As a result of that conflict the sexual desire wiring simply short circuited. At least that's how I explain it now.
After my transition I have reason to believe that I was androgen deficient due to being on oral HRT (E). That was resolved a few months ago with switching to trans dermal patches. As a result my natural testosterone levels have probably come up closer to a normal female level. With both of those road blocks gone, for the first time I have become interested in sex. So yes, it is possible.