LTC Hao Ge Today’s Trading Guide
As of September 18, LTC as a whole is in a tug-of-war stage between a short-term bearish structure and key support. Currently, the price is testing the lower Bollinger Band; the moving averages above continue to exert downward pressure; the MACD remains in a dead cross; and the short-term bearish momentum has not yet fully dissipated.
However, the indicators are already near oversold territory. The RSI and stochastic indicator continue to decline, and the downside momentum is gradually weakening. Technical rebound demand is strong.
The key defensive range right now is 49–50. As long as this support is not broken, the overall consolidation-and-repair structure will not turn bad, and the room for further downside is limited.
The main short-term resistance above is concentrated around the 55 line. Only after a breakout can there be a larger rebound space. The current market is in an oversold accumulation phase, and a reversal-and-rebound at the end of the selloff could happen at any time.
Today’s trading idea is to go long in line with the trend. Buy in batches on pullbacks in the 53.80–54.60 range. The first short-term target is 55.40. After breaking through the pressured range, continue to look toward the second target at 56.80. Focus on playing a rebound from lower levels; do not chase shorts. #LTC📈 $LTC
As of September 18, LTC as a whole is in a tug-of-war stage between a short-term bearish structure and key support. Currently, the price is testing the lower Bollinger Band; the moving averages above continue to exert downward pressure; the MACD remains in a dead cross; and the short-term bearish momentum has not yet fully dissipated.
However, the indicators are already near oversold territory. The RSI and stochastic indicator continue to decline, and the downside momentum is gradually weakening. Technical rebound demand is strong.
The key defensive range right now is 49–50. As long as this support is not broken, the overall consolidation-and-repair structure will not turn bad, and the room for further downside is limited.
The main short-term resistance above is concentrated around the 55 line. Only after a breakout can there be a larger rebound space. The current market is in an oversold accumulation phase, and a reversal-and-rebound at the end of the selloff could happen at any time.
Today’s trading idea is to go long in line with the trend. Buy in batches on pullbacks in the 53.80–54.60 range. The first short-term target is 55.40. After breaking through the pressured range, continue to look toward the second target at 56.80. Focus on playing a rebound from lower levels; do not chase shorts. #LTC📈 $LTC
