$LTC

May 2, 2025 Litecoin/U Market Analysis

For reference only, not an investment advice

Current Price: 88.63 U

• Currently operating above the support line, not yet broken;

• The rising trend line in the chart (yellow line) connects the lows of the recent upward waves and is the key 'strong-weak dividing line'.

Analysis of two proposed strategies:

Plan One: If the trend line is effectively broken → Short

• Entry signal: 1-hour candlestick closes below the trend line with no pullback;

• Target:

• First target: 85.30 U (previous platform fluctuation range);

• Second target: 83.00 U (previous low support);

• Stop loss point: stop loss after a failed pullback to 89.50~90.00;

• Risk-reward ratio: if the stop loss is set at 90.0 U and the target at 85.3 U, the risk-reward ratio is about 1.7~2.5, reasonable.

Plan Two: If the trend line holds, continue to go long after stabilizing

• Entry signal: Candlestick stabilizes near the support line, closes bullish with volume;

• Target: revisit the previous high of 90.30 U, breakthrough to look towards 92.5 U;

• Stop loss point: below 87.50;

• Risk-reward ratio: conservatively set still greater than 1.5.

In a nutshell

Now is the 'critical observation period', the trend line is the key lifeline, break it and go short, hold it and go long, don't hesitate, just operate according to the chart.