Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
LTC's recent trend has indeed provided quick-reacting traders with an opportunity to escape. By observing the market maker's intentions, it seems they are trying to suppress the price to around $50 to clear market leverage positions. This tactic is old but always effective.
Interestingly, this kind of adjustment actually reflects what Litecoin should look like. It reminds me of the aggressive upward momentum from years ago, and it feels like that vibe is returning this time. Once the price returns to around $60, I plan to fully allocate. As long as the market maker clears the leverage hanging overhead, the subsequent market can truly unfold—spring can't be far away.
The outlook remains optimistic, with a target of 5000+ or more. Of course, if they really dare to push down to $50, the risk of leverage should be quantified: setting the liquidation price within $20 as a psychological bottom line, so even if pierced, it won't go through. Anyway, this move is a gamble on the market maker not daring to push things too far.