$LTC LTC's price has fluctuated upward in the past three days, driven by optimistic expectations for ETF approval. Technically, the 4-hour K-line broke through the resistance level of $0.2647 (about ¥1.82 at the current exchange rate), the MACD bar chart turned from negative to positive, and MA10 continued to be higher than MA30, and the bullish momentum increased [3](@ref). However, RSI is close to the 70 overbought zone, and there is a risk of a short-term correction. On February 20, it reached a high of ¥7.46 (about 1.03), and the trading volume increased simultaneously, and the market sentiment was active 3. The fundamental support comes from the tightening of circulation after halving (75.148 million pieces) and the expansion of lightning network applications 6. Be vigilant that if the SEC delays the ETF ruling, it may trigger profit-taking selling pressure. The key support level is ¥6.86
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.