Coin Circle Academician: Litecoin after the 9.18 interest rate cut: Is it "spring flowers" or "winter frost"? The latest market analysis must be read
I am a coin circle academician who has been protecting leeks. I wish my fans to achieve financial freedom in 2024. Come on!
As an old mainstream coin in the coin circle, Litecoin will naturally be affected by the interest rate cut. As for how big the impact is, don't have too many illusions. Be down-to-earth. From the analysis of the market, the current price trend analysis of the market can see that the K-line pattern of the market: the recent price fluctuates between 60 and 66, forming a relatively obvious range of shocks. On the 6th and 15th, there were large negative lines, showing strong selling pressure. The market closed positive for three consecutive days on the 13th, 14th and 17th, indicating that there is a certain rebound force in the short term. The MAD technical indicator currently has no clear long and short signals, and it is obvious that it is waiting for the implementation of the interest rate cut.
Trend indicator EMA: The current price is above EMA7, but still below EMA30 and EMA120, indicating that the short-term trend is positive, and the medium- and long-term inducement is still relatively obvious, so it is recommended to focus on low-long and wait for the market to bottom out before starting to act
Short-term thinking reference:
Buy long position: 61.5 to 60, target 65 to 67, breakout 70, stop loss 58.5
Short buying point: 65 to 66.5, target 62 to 60, break 57, stop loss 67.5
Specific operations are based on real-time data of the market. For more information, please contact the author. There is a delay in the release of the article. The suggestion is for reference only and the risk is borne by the individual.
This article is exclusively contributed by the academician of the currency circle and only represents the exclusive views of the academician$
