Xuxu Baby's Analysis of LTC Market on August 9

1. Trend Judgment

Recently, the price of LTC has been fluctuating frequently, with intense competition between bulls and bears. From a technical indicator perspective, the daily MACD indicator shows a shortening of the red bar, indicating a weakening of bullish strength; the KDJ indicator is turning down in the overbought zone, suggesting a need for short-term correction. However, from the weekly perspective, the overall upward trend has not been broken, and there is still potential for mid-term growth.

2. Support Levels

- First Support Level: $110. This price level is the low point of recent corrections, providing some support. If the price falls to this level, bulls may organize a counterattack.

- Second Support Level: $105. This level corresponds to the hourly moving average support and is a key point that has been tested multiple times previously. If $110 is broken, this level will become an important defense line.

3. Resistance Levels

- First Resistance Level: $118. This is the high point of the previous rebound, where a large number of trapped positions are concentrated, forming strong resistance.

- Second Resistance Level: $125. This price level is a key psychological barrier and technical resistance level. If it can be broken, it is expected to open up new upward space.

4. Strategy Suggestions

- Long Strategy: If the price corrects to around $110 and finds support, one could take a light long position with a stop loss set at $107, targeting $118. If it breaks $118, one could increase the position, looking towards $125.

- Short Strategy: If the price rebounds to around $118 and meets resistance, one could take a light short position with a stop loss set at $121, targeting $113. If it breaks below $110, one could pursue the short position down to $105.

5. Personal Advice

The cryptocurrency market is extremely risky, and LTC prices are influenced by market sentiment, news, and overall market trends. It is essential to strictly set stop losses, control positions, and avoid blindly following trends by chasing prices. In uncertain markets, one may also choose to wait for clearer entry signals. The above analysis is for reference only and does not constitute investment advice. #LTC #美联储比特币储备 #美国加征关税 #特朗普允许401(k)投资加密货币 #eth突破4000