Litecoin's trading activity has significantly increased today. The trading volume on the 30-minute chart surged by 96.6%, with the current price around 82.29 USDT.
From a technical perspective, the key support level is at 81.91, with only 1.13% space from the current price. A broader support zone is anchored between 81.68 and 81.91.
Unusual changes in trading volume often precede market shifts. Such a sharp increase in volume usually indicates that a major fluctuation may be coming. It is recommended to watch whether LTC can hold steady at the support level. Once the support is confirmed to be effective, a rebound could be on the horizon.
From a trading standpoint, placing a long position around 81.91 is a feasible strategy. However, this depends on volume and price confirmation, and one should avoid chasing the high impulsively. The subsequent trend warrants close monitoring.
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Aspero777
· 01-04 22:52
Weak growth…
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MemeKingNFT
· 01-04 19:52
Oh wow, a 96.6% surge in volume... I've seen this trick before, it's often the calm before the storm in the mainland's ups and downs. Are the retail investors about to be harvested again? Can the 81.91 resistance hold? I can't bet on it.
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ser_ngmi
· 01-04 19:33
The tactic of a surge in volume is seen often; 99% of the time, it's just a false alarm.
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SocialAnxietyStaker
· 01-04 19:30
96.6% surge, here comes to cut my leeks again?
Support level is so close, feels like it will break at any moment...
Wait, wasn't it said not to chase high? Why did I impulsively place a long order?
Can LTC hold steady this time, everyone?
81.91, do you gamble or not?
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YieldFarmRefugee
· 01-04 19:28
Trading volume is exploding so fiercely, it feels like something big is happening
With a 96.6% increase, I started to get nervous
Whether the 81.91 level can hold is really the key; wait for confirmation before taking action
If this rebound really comes, those who position early will make a fortune
Only when price and volume move together is it real; otherwise, chasing highs is just giving away money
Litecoin's trading activity has significantly increased today. The trading volume on the 30-minute chart surged by 96.6%, with the current price around 82.29 USDT.
From a technical perspective, the key support level is at 81.91, with only 1.13% space from the current price. A broader support zone is anchored between 81.68 and 81.91.
Unusual changes in trading volume often precede market shifts. Such a sharp increase in volume usually indicates that a major fluctuation may be coming. It is recommended to watch whether LTC can hold steady at the support level. Once the support is confirmed to be effective, a rebound could be on the horizon.
From a trading standpoint, placing a long position around 81.91 is a feasible strategy. However, this depends on volume and price confirmation, and one should avoid chasing the high impulsively. The subsequent trend warrants close monitoring.