Academician of the currency circle: On September 19, Litecoin (LTC) will usher in a major change and the mystery will be unveiled! A complete analysis of short-term operation strategies!
As a cryptocurrency academician who is committed to protecting the interests of investors, I sincerely wish my fans to achieve financial freedom in 2024. Let us work hard together.
Price trend analysis K-line pattern: The current price of Litecoin fluctuates between 60 and 66 US dollars, forming an obvious box-shaped oscillation range. The recent K-line shows a slight upward trend, but the overall increase is still relatively limited.
Technical indicators: MACD: DIF and DEA are gradually approaching the zero axis, and the MACD histogram is turning from negative to positive, indicating that the bullish force is increasing. EMA: The short-term EMA (7) has crossed the medium-term EMA (30) and is close to the long-term EMA (120), which indicates the possibility of further rise in the short term.
In the 4-hour cycle, MACD began to shrink, and the K-line showed an upward trend in the range of 60 to 65 US dollars, with strong buying power. The current price is above EMA7, EMA30 and EMA120, and shows an obvious long arrangement, supporting continued bullishness.
Trading volume: Trading volume remained at a high level, indicating that market participation remained active.
Short-term ideas for reference:
Long 63, defense 62 Long stop loss point: 61
Short 66., defense 68 short stop loss point: 69
Specific operations need to be adjusted according to the real-time data of the market. For more information, please consult the author. Please note that there may be a delay in the release of the article. The suggestions are for reference only and are at your own risk.
