Brother Hao's In-depth Analysis of Litecoin (LTC) Latest Market Trends

1. Technical Analysis

1. Moving Average System: The current LTC price is firmly above the 20-day EMA ($110.15) and the 50-day EMA ($102.19), showing a bullish arrangement. This pattern indicates strong bullish momentum in the short-term and medium-term, with prices in an upward trend.

2. Bollinger Bands: LTC has successfully broken through the upper Bollinger Band at $124.46, and the Bollinger Band is expanding. This suggests increased market volatility, and a potential continuation of the upward trend, with prices expected to rise further.

2. Futures Market Insights

Open interest has risen by 10%, and financing rates are increasing, indicating that bullish positions currently dominate the market. Investors are optimistic about LTC's future trends and are willing to hold more long positions.

3. Institutional Dynamics Analysis

1. ETF Expectations: The SEC has postponed its decision on the LTC ETF, causing short-term market fluctuations. However, in the long run, if the LTC ETF is approved, it could attract a significant influx of institutional funds, providing strong momentum for LTC price increases.

2. Public Company Layout: The advancement of LTC treasury plans could trigger large-scale buying. Active participation from public companies will further enhance LTC's market demand and price.

3. On-chain Data: Selling pressure from long-term holders is gradually weakening, and network activity is continuously rising, providing solid resilience for LTC's price, making it more resistant to market fluctuations.

4. Brother Hao's Operation Guide for Today

Based on the analysis above, Brother Hao provides today's trading advice: short around $120.6 - $122.10, with a target of $118.83, and a second target of $116. Investors can adopt a buy-on-dips strategy but must closely monitor BTC market trends and ETF approval progress.