Recently, Litecoin (LTC) has attracted a lot of attention. Yesterday, the 30-minute trading volume suddenly surged, with an increase of 86.3%. Such abnormal trading volume movements are often not without reason.



Currently, LTC's price is stable around 81.3 USDT. From a technical perspective, the 80.88 level forms a key support on the 1-hour chart, with less than 1% distance from the current price, indicating that this support is relatively strong. Looking downward, the range from 79.88 to 81.1 also forms a defensive line.

From the volume perspective, such sharp amplification usually indicates increasing market participation, and the trend may be brewing a new direction. For those interested in going long, you can place orders around 80.88, waiting for a rebound opportunity. Of course, volume data is just a reference; decisions should also consider your own risk tolerance.

The subsequent trend of LTC is worth close monitoring, especially if the trading volume continues to stay high during this period, which may mean preparing for a change in the market.
LTC-1.25%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt