Litecoin has entered sprint mode. The second half of a bull market often exhibits this characteristic: price increases seem to occur without a specific reason, rising inexplicably and steadily.
Looking back at the last bull market, Bitcoin successfully broke through new highs and surged to a high of $40,000. At that time, Litecoin also gained momentum, soaring to 180. However, it subsequently faced a significant collective decline, with Litecoin's price dropping nearly 40%.
In light of this, after the rapid rise of various cryptocurrencies, it is highly likely that a large-scale crash may follow. We must remain highly vigilant and closely monitor three key data points: when the Fear and Greed Index exceeds 90, when the funding rate rises above 0.07, and when the annualized borrowing rates on Binance and OKEx exceed 40%, we need to consider escaping from the local top.
Additionally, Litecoin's price trend can serve as an important reference indicator. For instance, when its price rises above 150, we should respond to market changes with a comprehensive and heightened alertness, in conjunction with the three indicators mentioned above.
Personally, I anticipate a probable downward adjustment in January. At that time, we should seize the opportunities brought by the decline and cleverly adjust our holdings to optimize our investment portfolio. After all, in the cryptocurrency world, everyone knows that the magnitude of price drops can be as shocking as increases; as the saying goes, gains and losses stem from the same source, and the risks and opportunities of rising and falling are always intertwined. #XRP解锁新趋势 #山寨季來了? #AI与GameFi市场表现 #比特币打破感恩节魔咒
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