$LTC

LTC Stabilizes and Adjusts, Short-term Focus on Breakthrough Direction

Market Analysis

LTC is currently priced at $108.83, with a slight increase of 0.35%. The daily chart shows that the price is fluctuating above MA(7), while MA(25) remains a resistance level. There is a short-term need for an upward breakthrough, but trading volume is still relatively weak.

Key Levels

• Support Levels: $106.92, $103.54

• Resistance Levels: $110.67, $117.34

Trading Suggestions

1. Bullish Strategy: When stabilizing near the support level of $106.92, consider light long positions, targeting $110.67, and if broken, look at $117.34, with a stop loss at $105.00.

2. Bearish Strategy: If there is a rebound to $110.67 and it faces resistance, consider trying light short positions, targeting $106.92, with a stop loss at $112.00.

Trend Outlook

In the short term, the price is in a phase of consolidation, with attention on volume changes to determine the breakthrough direction. Stabilizing at resistance levels will promote further rebounds; otherwise, it may retest support.

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