"Jack's Trading Classroom: LTCPERP Mid-term Volatility"

Currently, we are looking at the 4-hour candlestick chart of LTCPERP. The Litecoin chart is showing a typical consolidation pattern, and we should continue to wait for a trendline breakthrough within the triangle consolidation range before a clear trend direction is formed.

Currently, we are looking at the four-hour candlestick chart of LTCPERP, which shows a typical consolidation pattern within the Litecoin chart. We should continue to wait for a trendline breakthrough in the triangle consolidation range before a clear trend can be formed.

At present, the short-term price of Litecoin is near the resistance trendline of the triangle consolidation. If it falls below the blue rectangular support range below, it is likely to return to the lower ascending support trendline. Short positions can be taken with a high-level stop-loss after the breakthrough.

For the overall direction, choose the direction of the trendline breakthrough. Stop-loss after the triangle convergence breakthrough can be set at the previous high or low of the trendline, while profit-taking targets can be found at the starting point of the trendline's rise or fall.

Support and resistance levels are indicated by the black horizontal lines in the chart.

In recent days, the cryptocurrency market has seen significant volatility. It is recommended that operators strictly adhere to risk management and avoid high leverage and high contract volume operations to prevent additional losses in volatile market conditions. This article is personal opinion, please read with caution, as cryptocurrency trading may pose risks to your capital.

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