Coin Circle Academician: Litecoin after the interest rate cut on September 18th: Is it "the flower of spring" or "the frost of winter"? A must-read for the latest market analysis.

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As a veteran mainstream coin in the coin circle, Litecoin will naturally be affected by the interest rate cut. However, do not hold too many illusions about how big the impact will be. Be down-to-earth. From the analysis of the market, the current price trend analysis of the market can be seen. The K-line shape of the market: the recent price fluctuates between 60 and 66, forming a relatively obvious range oscillation. Large bearish candles appeared on the 6th and 15th, showing strong selling pressure. Three consecutive bullish candles on the 13th, 14th, and 17th indicate a certain rebound strength in the short term. The MAD technical indicator currently does not show a clear long or short signal, obviously waiting for the interest rate cut to land.

Trend indicator EMA: The current price is above EMA7, but still below EMA30 and EMA120, showing a good short-term trend, but the medium and long-term bearishness is still quite obvious. Therefore, it is recommended to focus on long positions and wait to start trading after the market explores the bottom.

Short-term trading strategy reference:

Long entry point: 61.5 to 60, target 65 to 67, break above to 70, stop loss at 58.5

Short entry point: 65 to 66.5, target 62 to 60, break below to 57, stop loss at 67.5

Specific operations should be based on real-time market data. For more information, please consult the author. The article is published with a delay, so it is recommended for reference only. Please bear the risks.

This article is exclusively provided by the Coin Circle Academician and represents the exclusive views of the academician. He has conducted in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of article publication, the above views and suggestions are not real-time and are for reference only. Please bear the risks. Reprinting should indicate the source. Please control your positions reasonably when trading, and avoid heavy or full positions. The academician also hopes that all investors understand that the market is always right. If you are wrong, you should summarize your own problems and not let the expected profits slip away. There is no need for investment to be smarter than the market. When the trend comes, follow it; when there is no trend, observe and be patient. It is not too late to act after waiting for the trend to become clear. Tomorrow's success comes from today's choices. The way of heaven rewards hard work, the way of earth rewards kindness, the way of people rewards sincerity, the way of business rewards trust, the way of industry rewards precision, and the way of art rewards heart. Gains and losses are all in the blink of an eye. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Coin Circle Academician wishes you a pleasant investment!

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