Litecoin's recent performance has indeed been a bit different from other mainstream coins. The bears have been quite strong, pushing the price down since yesterday, with the lowest touching around 75.7, almost breaking the recent new low. In this situation, the main strategy is to rebound and short. There are a few levels to watch above—77.5, 80, 81.5, 82.5, and 85—to see if they can form effective resistance. If the price reaches these levels and still cannot break through, then consider shorting at high levels directly. The downward space is roughly between 2 to 18 points, so just keep good control of the rhythm and stop-loss.
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SigmaValidator
· 12h ago
LTC looks pretty fierce this wave, breaking through 75.7 and still going down. It seems the bears really can't sit still anymore.
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GasWastingMaximalist
· 12h ago
It's the old trick of a bear market again. LTC really has no bottom this time.
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CafeMinor
· 12h ago
ltc this wave is really fierce, even touching 75.7, the bears are indeed gaining strength
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Rebound and then sell off, this trick is old, let's see if 82.5 can hold
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It's easy to say to grasp the rhythm, but in actual operation, the mentality is the most likely to collapse
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Wait a minute, is the downside space a bit large? From 2 to 18 points...
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More people are shorting at high levels, be careful of a reverse smash
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A new low is about to break, it feels like this wave of ltc is going to be knocked down
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How much are you setting for stop-loss, everyone? Feels like the risk at this position is quite high
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Watching these resistance levels every day, but they are all useless at critical moments
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Rebound and short sounds good, but in reality, it's just being repeatedly cut
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GateUser-c799715c
· 13h ago
LTC has indeed been a bit weak this time, and the bears are acting very badly.
Litecoin's recent performance has indeed been a bit different from other mainstream coins. The bears have been quite strong, pushing the price down since yesterday, with the lowest touching around 75.7, almost breaking the recent new low. In this situation, the main strategy is to rebound and short. There are a few levels to watch above—77.5, 80, 81.5, 82.5, and 85—to see if they can form effective resistance. If the price reaches these levels and still cannot break through, then consider shorting at high levels directly. The downward space is roughly between 2 to 18 points, so just keep good control of the rhythm and stop-loss.