The recent movement of Litecoin has provided plenty of trading opportunities. From a technical perspective, the range between 78.5 and 77.5 is a good entry point for bulls. Once support is confirmed, consider building a position gradually.
The target levels are divided into two stages: first around 79.6—at this point, it is advisable to take some profits and reduce your position by 10-20% to lock in gains, as no one can predict the market. If the momentum continues, the second target is 80.7, which is a key resistance level in this round. Breaking through this level could lead to more substantial gains.
However, risk management is the most important. Be sure to set a proper stop-loss, especially if the price falls below the 77.5 support level—don't hesitate to exit immediately to protect your capital. It's better to earn less than to get caught in a loss; this is the fundamental discipline of trading. There is still room for this LTC move, but the key is whether you can execute it properly.
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The recent movement of Litecoin has provided plenty of trading opportunities. From a technical perspective, the range between 78.5 and 77.5 is a good entry point for bulls. Once support is confirmed, consider building a position gradually.
The target levels are divided into two stages: first around 79.6—at this point, it is advisable to take some profits and reduce your position by 10-20% to lock in gains, as no one can predict the market. If the momentum continues, the second target is 80.7, which is a key resistance level in this round. Breaking through this level could lead to more substantial gains.
However, risk management is the most important. Be sure to set a proper stop-loss, especially if the price falls below the 77.5 support level—don't hesitate to exit immediately to protect your capital. It's better to earn less than to get caught in a loss; this is the fundamental discipline of trading. There is still room for this LTC move, but the key is whether you can execute it properly.