LTC is now around 46.7u, and it has fallen very far from its all-time high of 410, down by nearly 90%.

But in the recent period, it has truly been rising: up about 5% over a week, and up close to 10% over a month. It’s one of the older coins that has been moving relatively strongly these past few days. The 24-hour volatility is not big: the high is around 47.5, and the low is around 46.6. After the rise, it looks like it’s taking a breather.

A drop this deep followed by consecutive rebounds suggests there are people buying at the bottom. Sentiment isn’t too bad. And as a very old asset, the market’s awareness of it has always been there—so the level of attention it receives won’t be low.

The circulating supply already accounts for more than 90% of the total, and there isn’t much left to mine. The future supply pressure is basically negligible; the price will depend more on whether capital is willing to come in.

At this level, if it can hold the 46 range, it will likely be able to continue this relatively strong trend. If you want to try a trade for the upside, you can look around here. If it can hold above 47, it would indicate the rebound has stronger force, and you can look higher. For anyone entering a short position at a time when prices are rising, you need to weigh it carefully—the risk isn’t small.#ltc $LTC