#Litecoin In-Depth Analysis# Yang Ge will discuss the trend of Litecoin (LTC). From a technical indicator perspective, the daily RSI level is in the 55 - 60 range, moderately high, indicating that the current market has a relatively balanced bullish and bearish force, but the bulls have a slight advantage. The MACD green bars have just appeared, indicating that the upward momentum is starting to weaken, and price movement needs to be monitored moving forward. The 4-hour RSI is also in the 55 - 60 range; although it is not overbought, the upward momentum has weakened, and one should be cautious of the risk of a top divergence. The MACD green bars are decreasing, and the DIF and DEA are close together, resulting in an uncertain short-term direction; if a death cross forms, it may accelerate the pullback. However, the OBV indicator has rebounded to a high for the year, indicating that buying support still exists, but insufficient incremental funds may limit the price increase.

In terms of market sentiment, long-term holders are increasing their positions, showing confidence in the long-term value of Litecoin. There has been a moderate increase in inflows to exchanges, but no significant selling wave has occurred, and overall market sentiment remains cautiously optimistic. However, recent trading volumes are relatively low, and there are signs of increased selling pressure, so caution is needed regarding the downside risk posed by market selling pressure.

In terms of actions, Yang Ge suggests going long in the 118.2 - 120.1 range, with an initial target of 123, and further aiming for around 126. However, given the market turmoil, it is essential to implement risk control and set strict stop-loss orders. The above analysis is for reference only and does not constitute investment advice; investing carries risks, and caution is needed when entering the market. #LTC