🔼Interest in LTC significantly increased in December
⚡️Litecoin has once again become the focus of the futures market, showing unprecedented interest since March 2024. Last week, open interest reached nearly $500 million, indicating a significant increase in trader activity.
👀 The token has surged to over $100, with many analysts predicting it could rise to $150 by December. Litecoin is now trying to overcome the key resistance level of $110.
⚡️ Negative sentiment on social media intensified and peaked as BTC fell below $100,000.
🔼The stock market began to gradually recover, which led to a return of capital to cryptocurrencies. The Dow Jones, Nasdaq, and S&P 500 all showed strong growth: the first index rose by 1.18%, the second and third by 1.09% and 1.03%, respectively.
🪙 Bitcoin is currently trading below $100,000, but is stable above the $90,000 support level.
🟡After reaching an all-time high (ATH) of $108,300 on December 16, Bitcoin experienced an 8.5% correction. This led to profit-taking by traders and an increase in bearish sentiment on social media. For every four positive comments, there were five negative ones.
🔽Bitcoin’s unexpected rally to all-time highs fueled over-the-top expectations, but markets quickly reacted to the fall in U.S. stock indices over the weekend.
💎The pessimism in the market eliminated “individual traders”, leaving only those who believe in the long-term growth of cryptocurrencies.
$NOT Waiting for a breakthrough Break below the low point 0.005518 stop loss, the green stop profit position has been marked in the figure I like this profit and loss ratio 🥳
Ether has now reached the resistance range given above.
It is a stupid behavior to chase more at this time. Break through the resistance and go long (right side transaction). Open short and break through the stop loss (left side transaction).
I gave you two opposite transactions. I wish you all good luck.
Currently, Bitcoin has reached the resistance zone. At this time, there is no need for conservative traders to chase long positions.
Bitcoin forms a bearish bat pattern in the four-hour cycle. You can short the first position. If it reaches the black line, you can cover the position. The profit and loss ratio is very good and it is a good transaction.
Ethereum formed a double bottom in four hours, and the upper side hit around 3200.
Currently, it is in a 📈 trend, consolidating near the neckline, and is in the horizontal support area, that is, around 3060 US dollars, and this area belongs to 0.618 of the rise in this section.
The lower support area is around 2960 US dollars, which is 0.382 of the rise in this section.
The upper resistance level is around 3354 US dollars, which is the double bottom 1:1 long single target.
The most wonderful thing in life is not the moment of realizing the dream, but the process of persisting in the dream!
Let's take a look at this time, is this coin awesome? $OM
crypto_776
--
Bullish
Currency recommendation--$OM
I don't know if you have noticed the OM coin, it's awesome.
On the night of April 2, I told everyone to buy it near the lowest point, 0.58 US dollars, and it has not fallen below it until now, and it has successfully reached the first stop profit position, with a maximum net profit of 79%.
On May 23, I told everyone to buy it again, around 0.63 US dollars, and once again achieved a net profit of up to 75%.
This time, I will tell everyone to buy it again, and tell everyone that if the market does not go bearish, buy boldly in the green area in the chart.
Before buying, I also hope that everyone will consider it for themselves, do some research, and bear the profits and losses at their own risk!