#数字资产市场观察 I looked at the recent trend of Litecoin, to be honest, it's not very optimistic.

It is now hovering around 86, and the 4-hour level has already formed a double top pattern. The last time it surged to 87.68, the long upper shadow was particularly obvious, indicating that there is really heavy selling pressure above. More importantly, in terms of funding, the net outflow for a single day is close to 4 million, and this data is quite telling.

With technical and funding pressures combined, I personally judge that there is still some room for downside in the short term. If you want to trade, consider establishing short positions in the range of 86.5 to 87.5, with a stop loss set above 88, and a target in the 81-83.5 range. Given the current situation of low volume stagnation + double top structure, the probability of a downturn is quite significant.

Of course, this is just a personal opinion, and it really depends on the actual performance of the market. $LTC $BTC The overall atmosphere will also affect the trends of altcoins, so everyone should pay attention to risk control.