Family, today Yang Ge will talk to everyone about the market of LTC again. Recently, Litecoin has been quite active, both in terms of news and technical aspects, there are noteworthy points to discuss.

First, let's look at the market side. The probability of LTC's ETF approval is now around 90%. This isn't a wild guess — the U.S. Commodity Futures Trading Commission has long recognized it as a commodity, and once this identity is clear, the acceptance rate in the mainstream market will definitely rise. Moreover, it's not just retail investors who are paying attention; big institutions are also getting serious. Large-scale companies like the American Pharmaceutical Group have already begun to allocate a significant amount to Litecoin. Litecoin is becoming increasingly popular in payment scenarios; last July, it accounted for 14.5% of crypto payments on CoinGate, second only to Bitcoin.

On the technical side, we also need to keep a close eye. The 4-hour RSI is now at 68; it's not overbought but is already very close to the threshold of 70. This is like driving close to the speed limit, and we need to pay attention to the rhythm — if it can stabilize around 60 during a pullback, then the subsequent upward momentum is likely to continue; but if it falls below 55, the pullback could be significant, and we must remember this.

The Bollinger Bands are even more evident; the price has already broken through the upper band to $124.46, and the short-term strength is right here, but don’t celebrate too early, as breaking above the upper band often means a potential pullback for correction.

Fortunately, the EMA moving averages are in a bullish arrangement, with the price firmly above the 20-day EMA (110.15) and the 50-day EMA (102.19). These two lines act like double insurance, providing solid support, indicating that the short-term trend is still upward.

In terms of operation, Yang Ge gives a practical suggestion: buy on the pullback in the range of 114.00 to 113.50, with the first target looking at 115.8. If it can stabilize, then look at 117.00. The market has many variables; don’t just rush in based on news; observe slowly in conjunction with indicators. #LTC📈