LTC is currently in a clear downtrend, with the Bollinger Bands widening. The price has fallen below the middle band and is approaching the lower support. The moving averages have formed a death cross and are in a bearish arrangement, while the MACD green bars continue to expand, indicating strong downward momentum. Although the KDJ and RSI have entered the oversold zone, potentially triggering a small rebound in the short term, the overall trend remains unchanged, and caution is advised.

LTC has seen a net outflow of 24.11 million in funds over the past 24 hours. Under the trend of increased volume and falling prices, the contract market is leaning towards short positions; combined with the overall weak sentiment of the market, LTC lacks independent conditions to strengthen in the short term, making it difficult to change the downward pattern.
Suggested short positions layout: Enter the range of 97.0-98.5, target points: first look at 96, then look at 94.5#Gate10月透明度报告出炉 #CoinDesk10月Gate战绩来袭 #美国结束政府停摆