#交易故事 5.7 Evening Market Overview: LTC Makes a Strong Comeback

Key Focus: The Federal Reserve's interest rate cut meeting tomorrow morning at 2:30 AM. It is estimated that there will be no rate cuts in May, but the probability of a 25% cut in June and July has significantly increased. Be cautious of potential price swings at midnight.

Yesterday, the SEC announced a delay in its decision on the LTC spot ETF application, causing LTC to drop back to 81; however, it quickly rebounded to above 90 with a strong market surge during the night, rising 11.34% in 24 hours. It has been consolidating in the 83-90 range for about half a month, and finally, a strong bullish candle pushed LTC back above 90. Currently, it has stabilized above 90 in the 4-hour chart. Since the three major institutions applied for the ETF, LTC has demonstrated strong performance, and spot holdings continue.

With the 4-hour chart stabilizing above 90, the next resistance is 95.02. A breakout here could see it rise to 98; support is at 90.09 and 87.8 below. The trading strategy is clear: short positions can be set at 95.02, with additional purchases at 97.24, stop loss at 99, and targets at 92.78 and 90.09. For long positions, wait for a pullback that does not break 90.09 to enter, with a stop loss at 87.8 and targets at 92.72 and 95. Alternatively, wait for a pullback that breaks and then re-tests for long entries; enter where the market moves.

For spot purchases, wait for a pullback to 79.73 to enter in batches. Add to positions if it drops 10%, hold the spot while waiting for a major bull market with interest rate cuts in July or for the approval of the spot ETF.

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