Analysis of LTC on November 8
LTC started from 110 and surged all the way to the strong resistance zone near 122. This position was tested twice during the main rising phase in July and both attempts to break it were ineffective.
Currently, the market continues to maintain a strong rhythm. If it can break through and stabilize above 122, bulls are expected to further open up space, with the 130-150 range likely to gradually materialize.
In terms of operations, confirming stability above 122 allows for light long positions on the right side. If resistance is effective, consider a rebound when revisiting around 115.
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