3.18 Litecoin market analysis by currency circle academician: K-line support, low and long operations recommended
Today’s market analysis of Litecoin, let’s look at the market first. As of the time of publication, the K-line has been consolidating above the EMA 30. The support point is around 84. The MACD shrinkage has increased. The K-line did not continue to drop as expected but supported it. KDJ's downward spread is blocked, the Bollinger Bands are closing, and the mid-track pressure level is focused on 88.65.
The current trend in the four hours is in the sideways stage, with small increases and decreases. The K-line is currently below the EMA moving average, and it is expected to continue to test the moving average pressure level. The MACD shrinkage ends and begins to increase in volume, and the DIF and DEA golden crosses are formed, plus After the Bollinger Bands close, the bottom support will focus on around 82. In terms of ideas, it is recommended to focus on low and long, the first entry point below will focus on 82.5, and the pressure level above will focus on 86.8. The specific operation will be based on real-time strategies. It is recommended for reference only, and you bear your own risk.
