Litecoin market analysis and operation suggestions for reference!
Compared with the broader market, the overall trend of Litecoin is relatively weak! Judging from the 4-hour market, it has been in a V-shaped state from the 12th to the present. The current currency price is at the middle track of the Bollinger Bands and EMA15. The EMA7 moving average is above the currency price and downwards close to EMA15. KDJ is about to enter the overbought range. Volume continues to increase below the MACD0 axis, and DIF crosses DEA from above; on the 1-hour line, the currency price is currently below the cross pressure level of EMA7 and EMA60, KDJ is about to enter the oversold zone, MACD continues to increase volume, and DIF continues to spread below DEA. Judging from the above indicators, the currency price will still have some room for downward adjustment in the short term; it is recommended to focus on the 94.90-96.40 range at the top if it does not break short, and the 90.35-89.50 range at the bottom if it does not break and then go long; the market is changing rapidly, and the suggestions are for reference only, please control the risk by yourself ! $LTC
