Recently, $LTC has risen a bit, are retail investors starting to feel anxious? Is it possible to reach 130?
LTC price has broken through the previous key level and shot straight to 127, the BBI bullish and bearish line has also been stepped underfoot, and the short-term upward trend is clear. As long as the trading volume can keep up, reaching 130 dollars or even the previous high of 135 dollars is possible.
The news is a mix of good and bad; Grayscale just bought 42,000 LTC, German e-commerce supports LTC payments, and with the halving in 8 months, these three favorable factors are like three horses pulling LTC upwards,
but the SEC may classify LTC as a security, miners have recently thrown 1.5 million LTC onto exchanges, and some funds have been taken away by the Bitcoin ecosystem, resulting in considerable short-term pressure.
If you hold long positions, continue to do so; if it stabilizes at 127, you can hold and look for 130-135, with a stop loss set at 125. If it falls below 123, don’t rush to heavily invest, focus on the US CPI data on August 10 and the Litecoin meeting on August 15.
LTC now feels like a truck pressing on the accelerator, with 127 dollars as a new starting point, but don't forget to buckle up; a sharp rise can also lead to a rough ride, maintaining the stop loss is essential to laugh in the end.
If you find it hard to pinpoint entries due to frequent trading and lack of clear direction, ultimately being repeatedly harvested by the market, then it’s better to follow my lead for operations; I won't promise great wealth, but it will be steady!
