LTC Evening Operation Silk Road:
The current price wants to go up, but is clearly stuck in the range of 108 to 110. This is both a previous high point with dense trading volume and coincides with the EMA200 moving average death cross. It has tried several times to break through, but now this is the critical watershed of the battle between bulls and bears—if it can't break through, it's very likely to adjust downward.
Looking at the 4-hour chart, more attention is needed. The RSI indicator has been hovering above 70 in the overbought zone, but the price hasn't followed with a new high, which is a typical "top divergence" signal. Furthermore, the MACD's red bars are still shrinking, and the momentum of the upward movement is getting weaker, clearly indicating that a correction is due in the short term, so don't stubbornly wait for the price to rise.
Long Brother's operational advice: directly make a long position in the range of 106.60-107.80, targeting around 104.96-102.55 near $BTC