LTC has fallen near the trend line for many years. From a trading perspective, the risk-reward ratio at this position couldn't be better. However, the movement of BTC is questionable. It would be wise to take a cautious approach and observe the rebound strength here before making further decisions.
The trend shows a potential 4-hour divergence, but there are no obvious buy points within the segment. From the perspective of higher-level moving averages, it still requires time to rise even if it goes up in the short term; there needs to be a long-term consolidation process. Therefore, there are still many opportunities to enter the market, so I won't participate on the left side. This structure (Figure 3) is essential here. First, break through 87.8, then oscillate around the 30-minute central point, and then move away to form a third buy acceleration. This is a healthy rebound to the upside; if 87.8 is not broken, it is still a falling process. If there are a lot of idle positions, buying a little LTC spot here is not a problem. Compared to mainstream coins like ADA and Dogecoin, although LTC does not have an independent market, its decline is indeed the smallest and the most resistant to falling.
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LTC has fallen near the trend line for many years. From a trading perspective, the risk-reward ratio at this position couldn't be better. However, the movement of BTC is questionable. It would be wise to take a cautious approach and observe the rebound strength here before making further decisions.
The trend shows a potential 4-hour divergence, but there are no obvious buy points within the segment. From the perspective of higher-level moving averages, it still requires time to rise even if it goes up in the short term; there needs to be a long-term consolidation process. Therefore, there are still many opportunities to enter the market, so I won't participate on the left side.
This structure (Figure 3) is essential here. First, break through 87.8, then oscillate around the 30-minute central point, and then move away to form a third buy acceleration. This is a healthy rebound to the upside; if 87.8 is not broken, it is still a falling process.
If there are a lot of idle positions, buying a little LTC spot here is not a problem.
Compared to mainstream coins like ADA and Dogecoin, although LTC does not have an independent market, its decline is indeed the smallest and the most resistant to falling.