Remember the saying, "Bitcoin is gold, Litecoin is silver"? $LTC is that forgotten second-best coin. Back then, LTC surged from $4 to $375, a 90-fold increase. Now it's at $60, down 84% from its all-time high. I looked at the data and found a very interesting fact: LTC hasn't fallen below its weekly low for nine consecutive years. Nine years! It's weathered countless bull and bear markets; that resilience is truly impressive. But now the MACD has just formed a death cross, and funds are still flowing out. The technicals tell you to sell, but the fundamentals say the foundation is still there. This is LTC's current awkward situation. Like a middle-aged man, experienced and capable, but simply not favored by young people. The market is all about AI coins, MEME coins, and various new concepts. Who remembers this honest, unassuming payment coin? However, the more forgotten an old coin is, the more explosive its surge often is. Because the tokens are all in the hands of veteran players; retail investors have basically liquidated their positions. The $59-$60 level is quite delicate. It could be the starting point of a final drop or the bottom of a new rebound. My assessment is that LTC will continue to consolidate in the short term. However, if you're a long-term investor, this level presents an opportunity to build positions in stages. Short-term traders can consider a small long position near $59.35, with target prices at $60.49 and $61.17, and a stop-loss order below $58.50. {future}(LTCUSDT)
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