Brothers! LTC is now at 78, like my friend who says he wants to lose weight but is wildly showing off his milk tea — shouting 'it will rise' while his body honestly 'leaks strength', this operation is too familiar!
Market & On-chain data analysis: LTC has seen a net outflow of 12% in large on-chain transfers (greater than 1000 LTC) over the past 7 days, with the holdings of large addresses dropping from 38% to 35%; meanwhile, LTC's RSI (Relative Strength Index) is at 52, but the net capital inflow has decreased by 21%, and the bullish momentum is visibly 'weakened'. As a 'shadow coin of Bitcoin', its recent rise strength is only 60% of BTC, clearly indicating it is 'stuck'.
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Intraday trading query (intraday trends)
Signal explanation
At this time, the broker is already preparing to induce a rally. For large-cap cryptocurrencies, there are multiple brokers involved. This situation usually means that one broker is pushing prices up while others are selling off. Such divergence of large funds will create a temporary peak in trading, requiring long positions to lock in profits. However, shorting is not allowed! Even more so, going long carries extremely high risks!
Intelligence Bureau: The signals from the Intelligence Bureau are straightforward — the broker's bullish strength is weakening, aiming for 'slight correction + forming a temporary peak'; based on the signal: the current price of 78 is at the 'critical point of strong bullish support', akin to a 'friend showing off bubble tea saying, ‘I’ll walk two more steps’, but actually turns around and collapses on the sofa.'
Trading idea: Bullish strength is leaking + clear peak signals, entering now is just catching the last baton, closing long and short positions is the life-saving move.
Opinion: Don't be the 'sucker waiting for bubble tea', hurry and withdraw!
(Personal analysis, for reference only, not investment advice)
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