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Details: ht
#美联储官员集体表态# As the market trends evolved early Monday morning, Litecoin ( LTC ) rebounded from the 100 dollar support level, but the overall trend is still constrained by the key resistance area. Although the current price pattern shows that the lows are gradually rising, it is worth noting that the upward momentum is gradually weakening, and the support provided by the long-term trend line still needs further validation from the market for its effectiveness.
Technical analysis shows that although the MACD indicator shows signs of a golden cross formation, this signal has not yet been effectively confirmed. At the same time, the current price area is facing significant selling pressure. If this rebound cannot break through the resistance range of 105-106 dollars, LTC is likely to test the support area of 100-98 dollars again.
In terms of trading strategy, investors should pay attention to whether the price encounters resistance in the range of 107-108 USD, as this position is suitable for considering small position shorting. The initial downside target points to the 100-98 USD area. On the other hand, if the price can effectively break through the 109 USD resistance level, then timely stop-loss should be executed and the market structure should be reassessed.
$LTC $MYX