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Litecoin's recent trend is quite interesting. The price is gradually moving upward amid consolidation, and every time it pulls back, there are willing buyers. There are no signs of panic selling, and it’s basically normal adjustments within a trending market.
Here are a few key levels to remember:
- The support at $68-70 is crucial; if it breaks, a reassessment may be needed
- The current consolidation range is between $72-75, and short-term activity is mainly around this zone
- The resistance to break through is $78-80, which is the current pressure level
The logic is simple: as long as the $68 level holds, the bullish pattern remains intact. Conversely, if there’s a volume breakout above $75, then $78-80 becomes the next target. Short-term trading within this range can be effective, but the more important factor is how far the subsequent trend can develop.