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$LTC The bearish trend continues, but beware of MACD divergence! 😰
After dropping from 82.0, the price remains under pressure below the trendline (currently at 81.56). However, the MACD histogram has turned positive and the fast line has crossed above, forming a divergence with the price decline, indicating that bearish momentum may weaken.
The current price at 81.32 is testing the first support at 82.01 below. If broken, it may test the strong support at 79.59; conversely, if it can recover above the trendline, the short-term downtrend may come to a halt.
The bulls and bears are entering a critical zone; closely monitor the interaction between the price and the trendline.