#ETH#crypto2023 Ethereum Analysis today shows that Ethereum currently has a potential 1-hour head-and-shoulders structure, and is currently building a potential right shoulder with a neckline at $1,320. The current four-hour RSI is also in the overbought range. If the price falls below $1,320, you need to be wary of further pullbacks in Ethereum.
1.10 Market Analysis | Will the Litecoin (LTC) halving market usher in the first large-scale correction?
Good morning everyone, today I will bring you the early trading analysis of Litecoin on the 1.10th.
Litecoin is expected to be halved in June, and this rebound is standard and strong. Litecoin pulled to near the previous high ($85) yesterday, completing a 4-hour rise. This wave of Litecoin's rise started from around US$61, and after five waves of rise, it reached around US$83.5. The overall increase was 37%, and the structure was also very beautiful. The first wave, the third wave and the fifth wave all rise by approximately 15-18%, and the correction in each wave is approximately 8%. It is considered to be a large increase but a small correction, and the long positions are relatively comfortable.
Litecoin has been considered a very strong currency in the near future, with strong pullbacks and small pullbacks. Today, Litecoin has reached a previous high of US$85. In addition, the upward trend is relatively complete. There may be a 30-minute correction at the small level. Small changes to large needs to be observed. Short-term pressure level: 83.5 Support level: 79.3 (FB0.5)