Hello everyone, today is October 9th, let's take a look at the latest situation of LTC.
Current price 119.74, just above the middle band of the Bollinger Bands and MA30, with MA7 providing support below. In the short term, it is showing a strong oscillation. However, the upper band at 121.11 is a hard barrier, and we must keep a close eye on the support at the lower band of 115.12.
In the momentum indicators, the bullish signals are quite obvious: RSI is fully above the 50 line, and the J value of KDJ has soared above 100, indicating strong short-term momentum, but MACD is still lingering near the zero axis, with no clear winner between bulls and bears. It should be noted that KDJ's J value is extremely overbought and a technical correction could happen at any time.
Looking at the volume and funds, the trading volume is higher than the 5-day average volume, which is a positive signal, but we need to see if it can continue to increase.
Sister Ting's trading direction: short around 119.74-121.50, first looking at 118.16, and if it breaks below, then looking at 116.38.
Both risks and opportunities lie here, everyone please keep an eye on the market changes. #LTC #十月加密行情