7.30 Wednesday LTC Operation Guide

Recently, LTC has shown a narrow range of fluctuations. From the daily chart perspective, the Bollinger Bands are gradually narrowing, which usually indicates that the market is about to change.

Meanwhile, the MACD indicator has formed a death cross, which signals a bearish sentiment in the market in the short term. The price has approached the middle line of the Bollinger Bands, and once it falls below this level, it is likely to open up downward space.

Trading suggestion: Pay attention to the range around 109.5-111.5, lightly test short positions, with a short-term target initially at 105. If there is a significant volume drop below 105, the next target could be around 96!