On the evening of October 4th, Brother Tao discusses LTC: Amid short-term divergences, focus on key range speculation
Tonight, let's talk about the subsequent market trends of LTC. Currently, the market has differing views on the short-term movement of LTC, with significant discrepancies. However, many analysts remain optimistic about its medium to long-term development, with the core focus still on the battle for key price levels.
Currently, LTC is at an important technical juncture, with intense competition between bulls and bears. The 82-101.5 range is the current core area of attention. From a bullish perspective, LTC needs to successfully break through and stabilize above 101.5 to confirm the continuation of the upward trend. If this is achieved smoothly, the short-term target can look towards the vicinity of 106-112.
At the same time, we must be cautious of the risk of a pullback, with 82-86 being the current core support range; the defense in this area is crucial. If the price falls below 82, it may trigger further declines, with the next support level to watch being around 78.
From an operational standpoint, it is advisable to respond flexibly, considering building long positions around 86-84.5, with the initial upward target being 88. If it stabilizes, we can further look up to 91. Market fluctuations are the norm, so it is essential to manage risk well. The above is only a technical analysis reference and does not constitute investment advice.
