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LTC rebound encounters resistance at the BOLL middle band, KDJ shows a death cross at high levels, trading volume continues to shrink, bullish funds are fleeing, the rebound is weak, and the short-term trend is returning to a downtrend, dominated by bears.
US tech stocks plummeted, Bitcoin ETF continues to see net outflows, market risk aversion intensifies, funds are疯狂 selling LTC, directly nullifying the rebound.
Technical analysis on the 1-hour chart: BOLL middle band acts as resistance, KDJ shows a death cross downward, bearish momentum is gradually releasing.
First target 53.0
Second target 50.4
Stop-loss target 59.0
$LTC $btc