Litecoin LTC's current trend is no longer the previous one-sided price drops, but rather "not much falling, lingering at the bottom".
The longer this sideways consolidation drags on, the more likely it is that a direction will need to be chosen later – either a direct break and continued decline, or a decent rebound. Looking at the current market, the position at 80 is a strong support; as long as it can hold, the possibility of an upward rebound is actually greater than a continued sharp drop.
The current price is roughly stuck in the range of 84-85, which is just the mid-point of the low-level consolidation. The pressure above is not heavy, and the support below is close at hand, making the risk relatively controllable.
From an operational perspective: If LTC pulls back to the 80-83 range, consider gradually positioning long orders, targeting first around 88, then upwards 93, 95, and 100 are all potential resistance levels and take profit points. Each target can be gradually reduced to lock in profits.
In addition, the recent trends of ZEC and SOL are also worth noting, and there are signs of a warming market sentiment.
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AlphaBrain
· 12-01 18:34
If it holds at 80, there is still hope for a Rebound, but I'm afraid it will be another false breakouts, just lingering here for a month.
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LiquidationWatcher
· 12-01 10:40
If 80 can't be held, then it's over. After dragging it out for half a day, it still can't escape the fate of breaking through...
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SelfMadeRuggee
· 11-30 00:21
If 80 can't hold, then we just wait for it to break lower. I've been trapped at 83 for two months now, and every day I'm just watching this position. Either I breakeven or I buy the dip; anyway, I'm just sitting here doing nothing.
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APY追逐者
· 11-28 23:52
80 this support level really needs to hold, otherwise it will repeat the previous trap.
Wait, do you guys really think the rebound to 88 can be stable? It feels a bit precarious this time.
The bottoming out is the most annoying, when will there be a clear direction?
Actually, I am more optimistic about this wave of SOL, LTC feels like it's still being polished.
84-85 has been stubborn for so long, a decision has to be made sooner or later, let's bet upwards.
I need to run in batches around 88, I don't believe I can eat my way to 100 in one go.
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GateUser-5854de8b
· 11-28 23:47
If I can't hold on to 80 bucks, I accept my loss. Anyway, I've been tired of this Sideways for a long time.
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LiquidatorFlash
· 11-28 23:39
If we can really hold this level at 80, we need to see clearly whether it is real support or just a bluff... It was said the same way last time.
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StopLossMaster
· 11-28 23:36
If 80 can't hold, just go all in, anyway, after lingering at the bottom for so long, it will eventually break out.
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HashRateHermit
· 11-28 23:26
80 holding firm does indeed have a chance to turn around, but the longer this sideways movement drags on, the less patience I have. It's better to choose a direction sooner.
Litecoin LTC's current trend is no longer the previous one-sided price drops, but rather "not much falling, lingering at the bottom".
The longer this sideways consolidation drags on, the more likely it is that a direction will need to be chosen later – either a direct break and continued decline, or a decent rebound. Looking at the current market, the position at 80 is a strong support; as long as it can hold, the possibility of an upward rebound is actually greater than a continued sharp drop.
The current price is roughly stuck in the range of 84-85, which is just the mid-point of the low-level consolidation. The pressure above is not heavy, and the support below is close at hand, making the risk relatively controllable.
From an operational perspective:
If LTC pulls back to the 80-83 range, consider gradually positioning long orders, targeting first around 88, then upwards 93, 95, and 100 are all potential resistance levels and take profit points. Each target can be gradually reduced to lock in profits.
In addition, the recent trends of ZEC and SOL are also worth noting, and there are signs of a warming market sentiment.