$LTC
$LTC As for this position, I actually want to take another look at the risks.
The broader market and many mainstream coins are all repairing, but LTC today is a bit lagging behind. This suggests that it’s not that capital has no options—it’s just not in a hurry to rush into it for now. After a breakout, if it can’t continue with strong volume, in the short term it’s easy to turn into a back-and-forth grind.
I’ll first see whether it can regain and hold the area around 50. If it can’t get back up, don’t assume the pullback rebound will be that smooth. If it really wants to turn stronger, at least we need to see buy orders absorb the sell pressure near the previous high.
If it can’t hold the recent support, lower expectations. Chasing this “lagging” coin recklessly is likely to get taught by emotions in the other direction.
$LTC As for this position, I actually want to take another look at the risks.
The broader market and many mainstream coins are all repairing, but LTC today is a bit lagging behind. This suggests that it’s not that capital has no options—it’s just not in a hurry to rush into it for now. After a breakout, if it can’t continue with strong volume, in the short term it’s easy to turn into a back-and-forth grind.
I’ll first see whether it can regain and hold the area around 50. If it can’t get back up, don’t assume the pullback rebound will be that smooth. If it really wants to turn stronger, at least we need to see buy orders absorb the sell pressure near the previous high.
If it can’t hold the recent support, lower expectations. Chasing this “lagging” coin recklessly is likely to get taught by emotions in the other direction.
