$LTC from skydiving at $89.51 to digging at $80.99—LTC went | Raj Bhattacharjee on Binance Square

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$LTC from skydiving at $89.51 to digging at $80.99—LTC went full rollercoaster mode! Hold tight!🎢📉⚡️

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$BTC Price Summary Current Price: $94,265.49 24h High/Low: $95,199.00 / $93,613.66 Change: -0.41% --- Indicators MA(7): $94,410.53 MA(25): $94,391.73 MA(99): $95,603.66 Price is below MA(99) = bearish signal. --- Pattern Head & Shoulders pattern dekha jacche Neckline: ~ $93,960 Break korle aro down jete pare --- Volume High volume on red candles = selling pressure Recent volume low = weak interest --- Performance 7 Days: +0.18% 30 Days: +13.75% 90 Days: -4.94% 1 Year: +46.79% --- Summary Short-term trend: Bearish Key support: $93,500–$93,960 Watch neckline break for downside confirmation

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#USHouseMarketStructureDraft On May 5, 2025, U.S. House lawmakers released a draft bill outlining a new regulatory framework for digital assets. The proposed legislation aims to divide oversight responsibilities between the SEC and CFTC based on an asset’s level of decentralization. It also seeks to expand retail investor access by removing wealth restrictions and clarifies that certain secondary digital asset sales won’t be treated as securities transactions. While the bill promotes innovation and regulatory clarity, it faces political resistance, particularly from Democrats concerned about potential risks and former President Trump’s growing crypto involvement. The draft is open for public feedback and revisions.

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#FOMCMeeting The Federal Open Market Committee (FOMC) is meeting on May 6–7, 2025, with its policy decision expected on May 7 at 2:00 p.m. ET. The Federal Reserve is likely to maintain interest rates at 4.25%–4.50% amid persistent inflation and mixed economic signals. Despite pressure from some investors and former President Trump to cut rates, the Fed remains cautious. Key data includes a slight GDP contraction, higher inflation, and steady job growth. Markets now expect potential rate cuts later in 2025. Chair Jerome Powell will hold a press conference following the announcement to discuss the Fed’s outlook and strategy.

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