Coin Circle Academician: Litecoin (LTC) is about to usher in a major change on September 19, and the mystery is about to be unveiled! A complete analysis of short-term operation strategies!
As a coin circle 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, 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 gradually approach the zero axis, and the MACD histogram turns 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, with strong buying power. The current price is above EMA7, EMA30 and EMA120, and shows a clear bullish arrangement, and the support continues to be bullish.
Trading volume: Trading volume remains at a high level, indicating that market participation is still active.
Short-term ideas 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 suggestion is for reference only and the risk is borne by yourself.
