LTC hot post turns 70.88 into “it only counts once it breaks above.” As the price keeps hovering near the old line, chasing the previous thresholds can make people think it can keep rising; but within the last hour that just closed, while trading got livelier, the close didn’t move forward.
As of 21:00 Beijing time, Binance spot LTC/USDT’s 19:00 hourly candle rose from 70.79 to 71.17 dollars, with about 11.9 thousand coins traded. At 20:00, the high was 71.34 and it closed at 71.15, with about 16.0 thousand coins traded—around 34% more than the previous hour. In the same period, BTC’s 20:00 hourly candle fell from 85,309 to 85,128 dollars, and LTC showed relative resilience; however, after the increased volume, it still didn’t close above the 19:00 high of 71.18, and the follow-through still isn’t solid.
From 21:00 to 01:00 the next day, the short-term bias is slightly bearish: volume increases but the close doesn’t push up. The old post’s “break above” needs to be re-tested. If, during this period, a completed 1-hour K-line closes above the 20:00 high of 71.34, then this judgment would no longer hold. 71.34 is only a test level for the current hour, not a long-term resistance—first, see whether the close can keep lifting.
As of 21:00 Beijing time, Binance spot LTC/USDT’s 19:00 hourly candle rose from 70.79 to 71.17 dollars, with about 11.9 thousand coins traded. At 20:00, the high was 71.34 and it closed at 71.15, with about 16.0 thousand coins traded—around 34% more than the previous hour. In the same period, BTC’s 20:00 hourly candle fell from 85,309 to 85,128 dollars, and LTC showed relative resilience; however, after the increased volume, it still didn’t close above the 19:00 high of 71.18, and the follow-through still isn’t solid.
From 21:00 to 01:00 the next day, the short-term bias is slightly bearish: volume increases but the close doesn’t push up. The old post’s “break above” needs to be re-tested. If, during this period, a completed 1-hour K-line closes above the 20:00 high of 71.34, then this judgment would no longer hold. 71.34 is only a test level for the current hour, not a long-term resistance—first, see whether the close can keep lifting.